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Questions and Answers
Service-Oriented Public Enterprises aim to generate profits for the government.
Service-Oriented Public Enterprises aim to generate profits for the government.
False
Dependent Public Enterprises operate under __________ government control.
Dependent Public Enterprises operate under __________ government control.
strict
Which type of public enterprise is fully owned and operated by the government?
Which type of public enterprise is fully owned and operated by the government?
Name one sector where Strategic Industries public enterprises are crucial.
Name one sector where Strategic Industries public enterprises are crucial.
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Which of the following is NOT a classification based on objectives of public enterprises?
Which of the following is NOT a classification based on objectives of public enterprises?
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Match the following types of public enterprises with their characteristics:
Match the following types of public enterprises with their characteristics:
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Commercial Enterprises are involved in providing essential services to the public.
Commercial Enterprises are involved in providing essential services to the public.
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What is a characteristic of Autonomous Public Enterprises?
What is a characteristic of Autonomous Public Enterprises?
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What is the primary purpose of public enterprises?
What is the primary purpose of public enterprises?
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Public enterprises are typically controlled by private investors.
Public enterprises are typically controlled by private investors.
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What term is officially used in the Philippines to refer to government-owned or controlled corporations?
What term is officially used in the Philippines to refer to government-owned or controlled corporations?
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Public enterprises are created for economic development and protection of national __________.
Public enterprises are created for economic development and protection of national __________.
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Which of the following is NOT considered a sector in which public enterprises may operate?
Which of the following is NOT considered a sector in which public enterprises may operate?
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Match the following terms with their definitions:
Match the following terms with their definitions:
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Name one rationale for the establishment of public enterprises.
Name one rationale for the establishment of public enterprises.
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Public enterprises are solely focused on generating profit.
Public enterprises are solely focused on generating profit.
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What is a primary objective of public enterprises?
What is a primary objective of public enterprises?
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Public enterprises are solely responsible for generating profit.
Public enterprises are solely responsible for generating profit.
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What are the two classifications of public enterprises based on their ownership?
What are the two classifications of public enterprises based on their ownership?
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Public enterprises are often involved in _____ development.
Public enterprises are often involved in _____ development.
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Match the following types of public enterprises with their definitions:
Match the following types of public enterprises with their definitions:
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Which of the following describes 'New Public Management'?
Which of the following describes 'New Public Management'?
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Public enterprises are not subject to balance sheets and profit and loss accounts.
Public enterprises are not subject to balance sheets and profit and loss accounts.
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What is one way public enterprises contribute to the national economy?
What is one way public enterprises contribute to the national economy?
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Study Notes
Public Goods and Services
- Public enterprises are critical in providing goods and services that the private sector may not adequately deliver.
- They generate revenue through commercial functions, supporting government initiatives.
Classifications of Public Enterprises
Based on Ownership
- Wholly-Owned Public Enterprises: Fully government-owned, operated directly by the state.
- Partially-Owned Public Enterprises: Government holds a significant but not majority equity stake.
Based on Economic Activity
- Strategic Industries: Involvement in defense, energy, transportation, and telecommunications is crucial for national security.
- Commercial Enterprises: Engage in manufacturing, trading, and various services for profit.
Based on Objectives
- Service-Oriented Enterprises: Focus on delivering essential public services.
- Profit-Oriented Enterprises: Aimed at generating revenue through operations in manufacturing, infrastructure, and finance.
Based on Degree of Autonomy
- Dependent Public Enterprises: Operate under strict governmental oversight with bureaucratic decision-making.
- Autonomous Public Enterprises: Enjoy managerial flexibility and independence which fosters efficiency.
Based on Legal Structure
- Corporations: Have distinct legal identities, adhering to corporate governance.
- Authorities or Boards: Regulate specific sectors like transportation or utility services.
Based on Local vs. National Level
- National Public Enterprises: Operated by the central government.
- Local Public Enterprises: Governed by local authorities, addressing regional needs.
Definition and Purpose of Public Enterprises
- Public enterprises are government-owned entities providing goods and services, contributing significantly to economic development.
- They address national interests and institutional needs, fulfilling roles that the private sector may overlook.
Public Enterprises in the Philippines
- Known as Government Owned or Controlled Corporations (GOCCs) as per the 1973 Constitution.
- Various terms like state-owned enterprises, parastatals, and public corporations highlight their role in development.
Rationale for Establishment
- Established to perform economic activities that private entities may avoid or find unprofitable.
- Aim to meet national and social interests by catering to public needs effectively.
Objectives of Public Enterprises
- Social Welfare: Deliver essential services at affordable rates to improve citizen quality of life.
- Economic Growth: Foster revenue generation, create jobs, and support infrastructure projects.
- Strategic Sector Control: Maintain governmental influence in vital sectors to ensure stability and development.
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Description
This quiz explores the different classifications of public enterprises based on ownership, including wholly-owned and partially-owned entities. Understand the roles these enterprises play in providing public goods and services, as well as their revenue-generating functions. Test your knowledge on government involvement in public enterprise management.
