Multiple choice general knowledge

Legal entity created by a government to exercise some of the powers of the government is the

  1. Private sector

  2. Government-owned corporation

  3. Public Sector Undertaking

  4. Public company
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

A government-owned corporation (also called a state-owned enterprise) is a legal entity created by a government to engage in commercial activities on the government's behalf. This differs from public sector undertakings (which are more directly government-controlled) and public companies (which are privately owned but publicly traded). The private sector consists of privately-owned businesses.

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