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Question
If an organisation is funded entirely by private individuals and operates solely for earning profits, it would be classified under public sector enterprises.
Options
True
False
MCQ
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Solution
False
Explanation:
If an organisation is funded entirely by private individuals and operates solely for earning profits, it would be classified as a private sector enterprise, not a public sector enterprise. Public sector enterprises are owned and operated by the government, whereas private sector enterprises are owned and operated by private individuals or companies for profit.
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