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SS1: COMMERCE - 3RD TERM

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  1. Associations and Enterprises | Week 1
    3 Topics
  2. Co-operative Societies I | Week 2
    3 Topics
  3. Co-operative Societies II | Week 3
    3 Topics
    |
    2 Quizzes
  4. Public Enterprises | Week 4
    5 Topics
    |
    1 Quiz
  5. Limited Liability Companies | Week 5
    4 Topics
  6. Formation of Limited Liability Companies | Week 6
    1 Topic
  7. Limited Liability Companies III | Week 7
    3 Topics
    |
    3 Quizzes
  8. Trade Associations and Other Enterprises | Week 8
    1 Topic
  9. Chamber of Commerce | Week 9
    1 Topic
  10. Other Forms of Trade Association | Week 10
    1 Topic
    |
    1 Quiz



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Lesson 4, Topic 4
In Progress

Advantages & Disadvantages of Public Enterprises

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Advantages of Public Enterprises:

1. Government has enough capital to invest in the establishment expansion and growth of the enterprises.

2. It is a legal entity, that is it can sue and can be sued.

3. It has a perpetual life existence.

4. It is accountable to the general public.

5. It helps in generating revenues for the government.

6. It provides infrastructural facilities for the citizens.

Disadvantages of Public Enterprises:

1. The operation of these corporations is faced with great inefficiency.

2. It takes time to make and carry out decisions.

3. It requires an enormous amount of capital to run these enterprises.

4. Laxity on the part of the staff of the enterprises also affects their overall efficiency.

5. Poor conditions or services in the enterprises usually affect the dedication of workers.

6. Frequent replacement of the board members and the policies of the enterprise has a negative impact on the organizations.

7. Most government officials use it as an avenue to mismanage and misappropriate the nation’s resources.

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