O-LevelCommerceBusiness enterprise7100/11 · Oct/Nov 2017 · Q351 Mark

Which statement best describes how a public sector firm differs from a private sector firm?

AInvestment is funded through selling shares on a stock exchange.

BIts main objective is to serve the public interest.

CPublic sector firms offer services that the private sector does not provide.

DThere is no need for public sector firms to make a profit.

✓ Correct answer

B: Its main objective is to serve the public interest.

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Topic: Business enterprise, O-Level Commerce (syllabus 7100). Multiple choice, 1 mark.
Source: O-Level Commerce, Oct/Nov 2017 Paper 1 Variant 1, question 35.

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