A major difference between a state-owned enterprise and a private enterprise is ...
Question
A major difference between a state-owned enterprise and a private enterprise is that the former?Options
A)
is not expected to cover its costs of production while the latter is
B)
is not always expected to maximize profits while the latter is
C)
has shareholders while the latter does not
D)
has a board of directors while the latter does not
Related Lesson: Introducing Economic Systems | Economic Systems
The correct answer is B.
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