General Studies · Public and Private Administration
In the context of the evolving objectives and operational standards of modern administrative sectors, which of the following statements accurately represents the contemporary perspective on the pursuit of profit within public sector enterprises?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Public sector companies only adopt profit-seeking objectives when they are transitioned into the limited field of administration to ensure dynamic entrepreneurship.
- 2The pursuit of profit is prohibited in public administration because government corporations are strictly bound by requirements of fiscal accountability that are foreign to the corporate device.
- 3Profit-seeking is no longer considered a feature peculiar only to private administration and is currently accepted as a laudable goal for public sector companies.✓
- 4Profit-seeking is strictly confined to the non-governmental setting of private administration as it inherently contradicts the foundational principle of public welfare.
Correct answer
Profit-seeking is no longer considered a feature peculiar only to private administration and is currently accepted as a laudable goal for public sector companies.
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