State-owned Company 30 March 2023 1 Min Read Last Update: 3 April 2023 Quiz Time Welcome to State-owned Company Quiz You can practice as many times as you want until you get all the answers 100% right. Let's get Started How many directors and shareholders does a state-owned company require? At least one director and one shareholder At least two directors and two shareholders At least three directors and one or more shareholders At least four directors and two or more shareholders Which of the following is a requirement for a state-owned company to raise capital? Follow strict regulations for operations Have at least one shareholder Operate for non-profit Have the government as a minor shareholder Which of the following is a characteristic of a state-owned company? Requires one or two directors and shareholders Operated for non-profit Name ends with letters INC Owned by the government and operated for profit What type of company is a state-owned company listed as? Private company Non-profit organization Public company Partnership Which government department does a state-owned company fall under? Department of Education Department of Health Department of Public Enterprise Department of Defense Which of the following is a disadvantage of state-owned companies? Offers essential services which may not be offered by the private sector Prices are kept reasonable Generates income to finance social programs Inefficiency due to the size of the business Which of the following is a disadvantage of state-owned companies? Generates income to finance social programs A lack of incentive for employees to perform if there is no share in the profit Prices are not kept reasonable as the business running cost is high Wasteful duplication of services is eliminated Which of the following is an advantage of state-owned companies? May result in poor management Often rely on government subsidies Offers essential services which may not be offered by the private sector Losses must be met by the taxpayer Which letters does the name of a state-owned company end with? LLC INC LTD SOC What is the primary objective of state-owned companies? To provide essential services to citizens To operate for non-profit To generate revenue for private businesses To eliminate competition with the private sector 1 out of 10 Time is Up! Time's up Like what you read? Subscribe to our Newsletter Submit Subscribe to our email newsletter to get the latest posts delivered right to your email.