Secondary revision · Commerce - G11
Public Sector
Question 1 of 6
Grade: Eleven - G11
Q1
Essay · up to 5 points
Why does the government impose taxes? (b) What are the canons/principles of taxation?
Worth up to 5 points
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About this topic
Describe the features of public corporations (parastatals) and understand the advantages and disadvantages of public utility corporations. Explore the similarities and differences between public utility corporations and public limited companies. Ready to dive into the world of public sector business? Take our quiz and become a public sector expert!
What you'll practise (6 questions)
- Define the term public sector and explain what constitutes it. (b) How does the government participate in business?
- What are the reasons for government participation in commercial activities? (b) What are the disadvantages associated with public enterprises?
- What is the meaning of the term public revenue? (b) What are the various sources of government revenue?
- Why does the government impose taxes? (b) What are the canons/principles of taxation?
- What is the meaning of the following terms: i. Privatization ii. Nationalization iii. Divestiture iv. Contracting privatization (b) What are the reasons for privatization? (c) What are the shortcomings of privatization?
- What is the meaning of the term private sector? (b) What is the role of the private sector in the development of Uganda? (c) How can the government of Uganda promote the private sector? (d) How can the government control the private sector?
Answer each question above to see the correct answer and a full explanation.