Applied Performance Practices of Private and Public Sector

Question 1

The economy’s engine is a vast machine, powered by two pistons:

Answer 1

Public and Private
Sectors.

Question 2

focus on collective good, providing essential services and fostering social
welfare.

Answer 2

Public sectors

Question 3

seek innovation and profit, synchronizing their goals to propel the nation forward.

Answer 3

Private sectors

Question 4

_____________ and _____________ are propelled by profit-seeking companies in the private sector, which are always looking for new methods to satisfy customers and provide value.

Answer 4

Growth and innovation

Question 5

-This industry stimulates __________________ by producing income, jobs, and tax revenues. Its success is contingent upon its efficacy, flexibility, and prompt market reaction.

Answer 5

Private Sector, economic dynamism

Question 6

_____________and _____________ interaction are crucial for businesses and public services.

Answer 6

Public policy, Private Sector

Question 7

sets standards, incentivizes investment, and provides data infrastructure

Answer 7

Public policy

Question 8

can help address complex challenges like infrastructure development and environmental protection.

Answer 8

Public-private partnerships

Question 9

essential for ensuring synergy between these sectors.

Answer 9

1. Effective governance,
2. Open communication, and
3. A shared commitment

Question 10

is made up of governmental organizations and agencies that offer vital services including healthcare, education, law enforcement, and national defense, all with the main objective of advancing the general welfare. Usually financed by taxes, these groups answer to the voting public.

Answer 10

Public sector

Question 11

Strategies in the Public Sector

Answer 11

1. Long-term planning:
2. Evidence-based decision-making:
3. Engagement of stakeholders
4. Efficiency and innovation

Question 12

Because the problems public sector organizations face is frequently complicated and require time to overcome, they must frequently make long-term plans.

Answer 12

Long-term planning

Question 13

Rather of relying solely on ideology or subjective judgments, public sector organizations should make decisions based on facts and evidence.

Answer 13

Evidence-based decision-making:

Question 14

Public sector organizations must take into account the requirements of all parties involved, including companies, individuals, and other governmental bodies.

Answer 14

Engagement of stakeholders:

Question 15

Public sector organizations must come up with creative methods to provide services in a more effective and efficient manner.

Answer 15

Efficiency and innovation

Question 16

Process of Public Sector

Answer 16

1. Policy development
2. Budgeting and resource allocation
3. Program implementation
4. Performance evaluation and measurement

Question 17

Making and carrying out public policy is frequently a complicated process involving a number of parties.

Answer 17

Policy development

Question 18

In order to satisfy the requirements of the populace, public sector institutions must properly distribute their limited resources.

Answer 18

Budgeting and resource allocation

Question 19

Entities in the public sector must carry out their assigned responsibilities for the services and programs in an efficient manner.

Answer 19

Program implementation

Question 20

Public sector organizations must monitor their advancement and assess the success of their initiatives.

Answer 20

Performance evaluation and measurement

Question 21

comprises profit-driven businesses and organizations, with the primary objective of maximizing shareholder value, typically funded by investors, and held accountable to their shareholders.

Answer 21

Private Sector

Question 22

Strategies in the Private Sector

Answer 22

1. Profitability
2. Growth
3. Innovation

Question 23

Businesses in the private sector must concentrate on making a profit for their investors.

Answer 23

Profitability

Question 24

Businesses in the private sector must figure out how to increase their operations and market share.

Answer 24

Growth

Question 25

To keep a step ahead of the competition, private sector companies must exhibit innovation.

Answer 25

Innovation

Question 26

Process of Private Sector

Answer 26

1. Sales and marketing 2. Production and operations 3. Accounting and finance

Question 27

Businesses in the private sector must advertise their goods and services to prospective clients.

Answer 27

Sales and marketing

Question 28

Businesses in the private sector must create their goods and services in an effective and efficient manner.

Answer 28

Production and operations

Question 29

Businesses in the private sector must keep a close eye on their financial situation and performance.

Answer 29

Accounting and finance:

Question 30

Cooperation between Public and Private Sectors

Answer 30

1. Public-private partnerships or PPPs 2. Purchases 3. Regulation

Question 31

are collaborations between the public and private sectors aimed at delivering public services.

Answer 31

Public-private partnerships or PPPs

Question 32

Products and services are obtained by the public sector from the commercial sector.

Answer 32

Purchases

Question 33

To safeguard the public interest, the public sector governs the private sector.

Answer 33

Regulation

Question 34

are collaborations in which the private sector finances, constructs, manages, and maintains a public asset or service. They involve the government and the private sector. This approach makes use of the advantages of both sectors, including the government's ability to regulate and its long-term vision.

Answer 34

Public-private partnerships (PPPs)

Question 35

Since ________, the Philippines has been implementing Public-Private Partnerships (PPPs) as a key development driver, with a steady increase in projects across various sectors since the Build- Operate-Transfer Law

Answer 35

1993

Question 36

Through the construction of toll roads, airports, seaports, railroads, and power plants, PPPs have greatly increased economic activity, lowered travel times, and enhanced connectivity in the Philippines.

Answer 36

Infrastructure

Question 37

PPPs have significantly enhanced the quality of life for millions of Filipinos, especially in underserved areas, by providing essential services like water supply, sanitation, healthcare, and education.

Answer 37

Social Services

Question 38

PPPs also come with challenges

Answer 38

1. Complex procurement procedures 2. Risk allocation 3. Affordability

Question 39

It might be difficult and time-consuming to choose the best commercial partner and to make sure that the bidding process is fair and transparent.

Answer 39

Complex procurement procedures

Question 40

To guarantee that both the public and private sectors have an incentive to perform, sharing risks between them requires careful thought.

Answer 40

Risk allocation

Question 41

High upfront expenditures associated with PPP initiatives may result in increased user or service prices

Answer 41

Affordability