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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 3
In Progress

Features of Characteristics of Public Enterprise

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1. Ownership: Public Enterprises are owned and financed by the government.

2. Establishment: Public corporations are established either by decree or act of parliament.

3. Objective: They are established purposely to provide essential services to the generality of the people.

4. Legal Entity: It is a legal entity as it can sue and can be sued in its own right.

5. Management: Public corporations are managed by a board of directors who are appointed by the government.

6. Not Profit Oriented: Public corporations are not set up to make a profit but to provide goods and services to the people.

7. High Capital Requirement: A public corporation requires large capital to set up, which cannot be provided by private individuals.

8. Employees are Public Servants: Workers in public corporations are public servants and are treated as such.

9. Government and Taxpayers bear the Risks: The government and taxpayers are responsible for financing the business so they bear all the risks associated with it.

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