Unit 6

How are public sector organizations typically funded?

• Taxpayer money

• Private investments

• Sales revenue

Who are public sector organizations primarily accountable to?

• Shareholders

• Government and the public

• Customers

In which sector is job security generally considered more stable?

• Public sector

• Private sector

• Both sectors offer equal job security

In which sector is competition more prevalent?

• Public sector

• Private sector

• Both sectors have equal competition

How are public sector organizations influenced in decision-making?

• Market forces

• Government regulations

• Customer preferences

Which type of business organization is owned and operated by a single individual?

• Sole trader

• Partnership

• Franchise

What does a franchisee receive in exchange for paying fees to a franchisor?

• Full ownership of the franchise

• Support, training, and use of the franchisor's brand and business model

• Partnership in the franchisor's business

Which type of business organization has the least complex legal requirements and formalities?

• Sole trader

• Partnership

• Franchise

What is the primary advantage of a partnership over a sole trader business?

• Shared resources

• Greater brand recognition

• Limited liability protection

Which type of business organization offers the greatest potential for individual control and autonomy?

• Sole trader

• Partnership

• Franchise