The process of converting a non-profit making organisatio...
The process of converting a non-profit making organisation to a profit-making business is ________?
indigenisation
privatisation
deregulation
commercialisation
Correct answer is B
privatization is moving something from the public sector into the private sector. The transfer of ownership, property or business from the government to the private sector is termed privatization. The government ceases to be the owner of the entity or business. Government owned businesses or agencies are primarily established for the purpose of providing various products and services to the general public at a subsidized rate. Their aim isnt to make profit unlike privately owned businesses, whose major aim is to maximize profit while for offering such goods / services.
What covers the risk which an employer may suffer as a result of the dishonesty of an employee? ...
A cheque made payable to "bearer" ...
The abbreviation ECOWAS stands for? ...
A written agreement for hiring a ship for transporting goods is a? ...
A person which decides what to produce and combines the other factors of production is the? ...
A person who undertakes responsibility for forming a new company is ...
A written partnership contract is known as? ...
ln partnership business, the maximum number of persons for its formation is ...
A market where new shares are traded is known as ...
A holding company is one which holds shares in another company up to ...