Commercial Applications
If an organisation is funded entirely by private individuals and operates solely for earning profits, it would be classified under public sector enterprises.
- True
- False
Commercial Orgs Intro
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Answer
False
Reason — An organisation funded entirely by private individuals and operating solely for earning profits would be classified under the private sector, not the public sector. Public sector enterprises are owned and operated by the government or its agencies, with capital arranged by the government and the primary motive being service to the public. Private ownership and a profit motive are characteristics of private sector enterprises.
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