Commerce Exam > Commerce Notes > Business Studies (BST) Class 11 > Long Answer Questions: Public, Private and Global Enterprises
Long Answer Questions: Public, Private and Global Enterprises | Business Studies (BST) Class 11 - Commerce PDF Download
Q1: What is public, private partnership? Explain its features.
Ans: The following points should be explained
- Helps partnership public sector and private sector
- Related to high priority projects
- Suitable for big projects
- Public welfare
- Sharing revenue
Q2: “Multinational companies are a blessing to the developing countries.” Comment on this statement.
Ans: The following points should be explained
- Huge capital resources
- Centralized capital
- Expansion of market territory
- Advanced technology
- Product innovation
Q3: What are the benefits of entering into joint ventures?
Ans: The following points should be explained
- Increased resources and capacity
- Access to new market and distribution networks
- Access to technology
- Innovation
- Low cost of production
- Established brand name
Q4: Name the form of public sector enterprises that is constituted as an autonomous unit by an Act of Parliament? Explain any five features of such an organizations?
Ans:- Statutory Corporation.
The following points should be explained
- Statutory Corporation is fully owned by the Government.
- It is having a separate legal entity.
- Its employees are not government employees.
- Board of Directors are appointed by the government.
- It prepares its own budget and can retain its earnings which can be used for its business.
- Profit is not the main motive.
Q5. (a) Mention six causes responsible for inefficiency of government enterprises?
(b) Give any three distinctions between a statutory corporation and a government company ?
Ans: (a) The following causes should explained
Performance of the Public Sector was poor due to:
- Unorganized plants,
- Out dated technology,
- Under utilization of capacity,
- Over staffing,
- Trade unionism,
- Political interference,
- Inefficient management.
Q6: What was the role of public sector before 1991 ?
Ans: Public Sector was started to achieve the following objectives:
- To speed up the economic growth of the country
- To achieve a more equitable distribution of income
- To create infrastructure facilities
- To develop all parts the country equally
- Generation of employment
- Defense Requirements
- Check over concentration of economic power
Q7: What are the benefits available to the government company?
Ans:
- Easily established
- Separate legal entity
- Enjoys autonomy
- Curbs unhealthy business practices
The document Long Answer Questions: Public, Private and Global Enterprises | Business Studies (BST) Class 11 - Commerce is a part of the Commerce Course Business Studies (BST) Class 11.
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FAQs on Long Answer Questions: Public, Private and Global Enterprises - Business Studies (BST) Class 11 - Commerce
| 1. What is the difference between private, public, and global enterprises in commerce? |  |
Ans. Private enterprises are businesses owned and operated by individuals or groups of individuals, while public enterprises are owned and operated by the government. On the other hand, global enterprises are companies that have a presence and operate in multiple countries.
| 2. How are private enterprises different from public enterprises in terms of ownership and management? | |
Ans. Private enterprises are owned by individuals or groups of individuals who have invested their own capital into the business. The management decisions are made by the owners or a designated management team. In contrast, public enterprises are owned by the government, and the management decisions are made by government-appointed officials.
| 3. What are the advantages of private enterprises over public enterprises? | |
Ans. Private enterprises have the advantage of flexibility and agility in decision-making, as they are not bound by bureaucratic procedures and regulations. They have the freedom to innovate, respond to market changes quickly, and take risks. Additionally, private enterprises have the potential for higher profitability and are not dependent on government funding.
| 4. How do global enterprises differ from private and public enterprises? | |
Ans. Global enterprises operate in multiple countries and have a global presence. They have the advantage of accessing a larger market, diverse customer base, and economies of scale. Global enterprises often have extensive resources and capabilities to compete on a global scale. Unlike private and public enterprises, global enterprises face the challenge of managing operations in different countries with varying regulations, cultures, and market conditions.
| 5. What are the factors to consider when deciding between starting a private, public, or global enterprise? | |
Ans. When deciding between starting a private, public, or global enterprise, factors to consider include the desired level of control and ownership, access to resources and capital, the market size and potential, the level of risk tolerance, and the ability to comply with regulations and manage operations in different countries. It is important to assess these factors and conduct thorough market research before making a decision.
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Nov 09, 2024 Last updated |
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