State with reasons whether the following statement is True or False. A public company necessarily is a public sector organisation.
Dear Student,
The Statement, "A public company necessarily is a public sector organisation" is FALSE.
Reason :- A public company is a corporation whose ownership is distributed amongst general public shareholders through publicly traded stock shares. Public companies are traded publicly within an open market. They seek to generate Profit in the industry.
Whereas, The Public Sector is usually comprised of organisations that are owned and operated by the government and exist to provide services for its citizens. Similar to the voluntary sector, organisations in the public sector do not seek to generate a profit.
Henceforth, the statement is Wrong.
Regards
The Statement, "A public company necessarily is a public sector organisation" is FALSE.
Reason :- A public company is a corporation whose ownership is distributed amongst general public shareholders through publicly traded stock shares. Public companies are traded publicly within an open market. They seek to generate Profit in the industry.
Whereas, The Public Sector is usually comprised of organisations that are owned and operated by the government and exist to provide services for its citizens. Similar to the voluntary sector, organisations in the public sector do not seek to generate a profit.
Henceforth, the statement is Wrong.
Regards