General Studies · Public Sector Management
What is the primary function of the Memorandum of Understanding (MoU) system in the context of public enterprise management?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1It is a mechanism for direct parliamentary oversight ensuring the proper use of public funds.
- 2It is a method of selling government shares in public enterprises to private investors.
- 3It is a legal framework that creates statutory corporations with separate legal identities.
- 4It acts as an agreement setting performance targets and expectations between the government and public enterprises.✓
Correct answer
It acts as an agreement setting performance targets and expectations between the government and public enterprises.
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