Choose the given statement is True/False

Public sector is a well-managed organisation while the private sector is a badly managed organisation.

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True

False

answer is B.

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Detailed Solution

The given statement is false.
The public sector provides services not with a profit maximisation motive but with a social welfare motive. The government funds its welfare activities with taxes from the public to help the poorer communities. Thus, it leads to the bad management of the organisations. Sometimes, because of the lack of funds and profits of the government and sometimes people expect more services. Poor people are not also aware of the services provided by the government for their welfare which leads to their misuse of them. While the private sector is a well-managed and well-maintained organisation that only focuses on its profits. It also helps them to attract more customers.
The correct statement would be that the private sector is well-managed while the public sector is badly managed.

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