LO1:state owned businesses

Question 1

What is a public sector organisation?

Answer 1

state, or government owned businesses.

Question 2

what are the two types of public sector organisations?

Answer 2

-public corporations
-municipal undertakings

Question 3

wat are public corporations?

Answer 3

A state-owned corporation, which undertakes commercial activities in a market place with substantial day-to-day independence.

Question 4

what are municipal undertakings?

Answer 4

An organisation controlled by local authorities for the purpose of providing a specific service to a local area.

Question 5

one example of a public corporation?

Answer 5

BBC

Question 6

Why do public corporations exist? (4)

Answer 6

-they protect jobs and key industries
-the provide unprofitable services
-they avoid wasteful duplication
-the can prevent customer exploitation

Question 7

One example of municipal undertakings

Answer 7

transport for london

Question 8

what does privatisation and nationalisation?

Answer 8

it is possible for businesses to move from one sector to another.

Question 9

what is a privatised business?

Answer 9

a business that moves from the public to the private sector

Question 10

what is a nationalised business?

Answer 10

a business that moves from the private to the public sector