Practicing Success
Which of the following is not the form of public enterprise? |
Government Company Departmental undertaking Sole proprietorship Statutory corporation |
Sole proprietorship |
The correct answer is option 3- Sole proprietorship. Sole proprietorship is not a form of public enterprise. It is a form of private enterprise. A public enterprise may take any particular form of organisation depending upon the nature of its operations and their relationship with the government. The suitability of a particular form of organisation would depend upon its requirements. At the same time, in accordance with general principles, any organisation in the public sector should ensure organisational performance productivity and quality standards. The forms of organisation which a public enterprise may take are as follows: (i) Departmental undertaking (ii) Statutory corporation (iii) Government company |