Question

Consider the following statements about the differences between Public and Private Organisations:
(i) Public organisations source capital from taxes and bonds, while private organisations use loans and shares.
(ii) Public sector areas include police and military, while private sector areas include finance and hospitality.
(iii) Both public and private organisations have identical promotion criteria based on seniority.
Which of the statement(s) given above is/are correct?

• A. Only (i) and (ii)
• B. Only (i) and (iii)
• C. Only (ii) and (iii)
• D. All of the above

Answer 1

Answer:

A. Only (i) and (ii)

• Statement (i): This is correct, the capital sources for public (taxes, bonds) and private (loans, shares) organisations.

• Statement (ii): This is correct, police and military for the public sector and finance and hospitality for the private sector.

• Statement (iii): This is incorrect because public sector promotions are based on seniority, while private sector promotions are based on merit and performance.
  Thus, the correct answer is A) Only (i) and (ii).