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How is the statutory sector funded?
statutory sectors are funded through : local & national taxation insurance lottery funding direct donations
Why it is important to differentiate public companies from private companies?
Public sector is owned by government .It is run for social welfare.It is run-ned to narrow the gap between rich and poorprivate sector is run by individual.It is run for profit motive {profit of proprietor}it is runnedto enjoy easy and royal type of life without any problem ofpoverty
What is statutory liqudity ratio?
Statutory liqudity ratio means all the banks maintained it in the form of cash in hand (exclusive of the minimum cash reserve ratio),Current account balances with SBI and other public sector commercial banks, unencumbered approved securities and gold. RBI prescribes SLR from 25% to 40%.
Describe the six forces of task environment?
industry sector , raw materials sector , human resources sector , financial resources sector , market sector , technology sector , economic conditions sector , government sector ,
Difference between public and private sector?
Ownership of the public sector of a certain country is shared equally by all citizens of that country. There should be certain laws that specify how does the PS get revenues and how does it spend them, how does it hire & fire employees, lowest and highest possible salaries ...etc. While ownership of any private sector entity is limited to the persons who paid up the capital to form it. Those persons may or may not be citizens of that country. Each private sector entity could invent its own rules of hiring & firing and payouts ...etc.
Is the public sector the same as the statutory sector?
Yes
What is the statutory sector -?
The statutory sector involves all the organisations that are set up, controlled and funded by the government, for example public school and NHS hospitals. The statutory sector is funded by people who pay taxes and national insurance etc. This is different from the independent sector which involves organisations being run by business people who are usually in it to make profit. The independent sector is funded by the clients who use the service. Their money is used to buy supplies and pay wages etc. An example of an independent sector organisation is private schools.
What is Voluntary and Statutory Sector Liaison?
The voluntary sector in the United Kongdom is those businesses that are charities and are operated on a non-profit basis. The statutory sector is the agencies of central or local government.
What is the meaning of statutory education?
the meaning of statutory involves all the organisations that are set up, controlled and funded by the government. For example public school and NHS run hospitals. The statutory sector is funded by people who pay taxes and national insurance etc.
How is the statutory sector funded?
statutory sectors are funded through : local & national taxation insurance lottery funding direct donations
What is private sector run by govement?
It is an oxymoron. By its definition, a private sector enterprise cannot be run by government.
What is pvt sector?
Private sector is all personal businesses. Public sector is government run businesses.
What is the purpose of private sector?
the purpose of a private sector business is that the govements does not run it
Explain what a private sector is?
The private sector is that part of business and commerce that is not run by the Government
What does the statutoy sector provide?
The statutory sector provides essential public services that are mandated and funded by the government. This includes services such as healthcare, education, social services, and law enforcement, among others. The statutory sector plays a critical role in meeting the basic needs of society and ensuring the well-being of its citizens.
What is a non statutory sector?
Non-statutory organisations are service-providing bodies. They are not legal entities in their own right, but are accountable to, and/or funded by, a single organisation or a partnership between different organisations.
Aim of a public sector business?
The aim of a public sector business, is to make profits just like the private sector. Public sector is run by the government on behalf of the public and mostly offer government services.
