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What is the difference between public sector and Private for-profit sector?
The public sector is a government (city, state, national); the private sector is a business. Public sector jobs are publicly-funded (by taxes, for instance) whereas private sector jobs depend on the revenue of the business
What is ambit of vote in public sector accounting?
This defines the statutory reason for the department existence
Features of private sector?
They are funded by the owners or shareholdersThey have limited liability if they are a limited company such as a LTD and they have unlimited liability if they are a sole trader or partnershipLovee from Mr. Pickles ;)
What is statutory liqudity ratio?
Statutory liqudity ratio means all the banks maintained it in the form of cash in hand (exclusive of the minimum cash reserve ratio),Current account balances with SBI and other public sector commercial banks, unencumbered approved securities and gold. RBI prescribes SLR from 25% to 40%.
Describe the six forces of task environment?
industry sector , raw materials sector , human resources sector , financial resources sector , market sector , technology sector , economic conditions sector , government sector ,
What is the statutory sector -?
The statutory sector involves all the organisations that are set up, controlled and funded by the government, for example public school and NHS hospitals. The statutory sector is funded by people who pay taxes and national insurance etc. This is different from the independent sector which involves organisations being run by business people who are usually in it to make profit. The independent sector is funded by the clients who use the service. Their money is used to buy supplies and pay wages etc. An example of an independent sector organisation is private schools.
What is the meaning of statutory education?
the meaning of statutory involves all the organisations that are set up, controlled and funded by the government. For example public school and NHS run hospitals. The statutory sector is funded by people who pay taxes and national insurance etc.
Is the public sector the same as the statutory sector?
Yes
What is Voluntary and Statutory Sector Liaison?
The voluntary sector in the United Kongdom is those businesses that are charities and are operated on a non-profit basis. The statutory sector is the agencies of central or local government.
What does the statutoy sector provide?
The statutory sector provides essential public services that are mandated and funded by the government. This includes services such as healthcare, education, social services, and law enforcement, among others. The statutory sector plays a critical role in meeting the basic needs of society and ensuring the well-being of its citizens.
What is a non statutory sector?
The non-statutory sector refers to organizations and groups that operate independently of government regulation and funding. These organizations typically focus on providing services to address community needs and often rely on donations, grants, and volunteers to support their activities. Examples include charities, community groups, and social enterprises.
What is a non statutory?
a non-statutory organisation is one that is not funded by the government, they are usually voluntary and fund themselves through means of charity shops and donations. hope this helps :)
What does it mean to be state funded?
A state-funded school is when the budget comes from public sector funds. This can be from the local education authority or from central government.
What sector is the nhs?
The NHS is a public sector organistion, funded by the taxpayer and with the main goal of providing a service (as opposed to generating a profit as is the case with organisations in the private sector).
What is a Non statutory organization?
a non-statutory organisation is one that is not funded by the government, they are usually voluntary and fund themselves through means of charity shops and donations. hope this helps :)
Is Burger King a Public sector?
No. "Public sector" relates to jobs, industries or services provided and funded by the state.
What private sector means in Education?
They are organisations in education which are not funded or not managed (or both) by government.
