Which organisations are owned by private individuals?

Which organisations are owned by private individuals?

• A. Private Sector
• B. Public Sector
• C. Sleeping Partner
• D. Enterprise

Answer: (A)

Ownership type is being tested here. Organisations owned by private individuals belong to the private sector—the part of the economy made up of privately owned businesses aiming to make profits. The public sector is government-owned, not privately owned. A sleeping partner is someone who provides capital to a partnership but doesn’t run the business, so it isn’t about ownership of an organisation. Enterprise is a general term for a business venture and doesn’t specify who owns it. So, organisations owned by private individuals are described by the private sector.

Ownership type is being tested here. Organisations owned by private individuals belong to the private sector—the part of the economy made up of privately owned businesses aiming to make profits. The public sector is government-owned, not privately owned. A sleeping partner is someone who provides capital to a partnership but doesn’t run the business, so it isn’t about ownership of an organisation. Enterprise is a general term for a business venture and doesn’t specify who owns it. So, organisations owned by private individuals are described by the private sector.