Reference no: EM132911350

Be sure to answer this question Government's participation in business and economic sectors of the country needs some kind of organisational framework to function. You have studied about the forms of business organisation in the private sector viz., sole proprietorship, partnership, Hindu undivided family, cooperative and company.

In the public sector, as it grows, an important question arises in respect of how it is to be organised or what form of organisation it should take. The government has a major role to play in the formation of the public sector. But the government acts through its people, its offices, employees and they take decisions on behalf of the government. For this purpose, public enterprises were formed by the government to participate in the economic activities of the country. They are expected to contribute to the economic development of the country in today's liberalised, competitive world. These public enterprises are owned by the public and are accountable to the public through the Parliament. They are characterised by public ownership, public funds being used for its activities and public accountability. 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 ensurorganisational 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

1. .................. stands for_______.

2. .............. is not a function of ....................

3. ................... Are provided by ..................

4. ..................... is the validity period of ...................

5. .................. is an allied postal service

6. ............. Is a function of commerce

7. .................. is created by .....................

8. ................... Is not included in .............................

9. ................... Is the benefit of ..........................

10. ................... Is not a type of ........................