A State-owned Company (Leaving Cert Business): Quizzes
📚Quizzes
Practise the questions
10 questions from this quiz
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Practise the questions
10 questions from this quiz
What are state-owned companies in Ireland?
What are state-owned companies in Ireland?
Enterprises owned by the Irish government
Which of these is an example of a state-owned company in Ireland?
Which of these is an example of a state-owned company in Ireland?
Irish Rail
What is nationalisation?
What is nationalisation?
Government takes over and runs a business
What is privatisation?
What is privatisation?
Government sells state-owned to investors
What is NOT the primary goal of state-owned companies?
What is NOT the primary goal of state-owned companies?
Making a profit
What benefit does nationalisation provide regarding public welfare?
What benefit does nationalisation provide regarding public welfare?
Prioritises public welfare over profit
Why might nationalised companies become inefficient?
Why might nationalised companies become inefficient?
Without competition pressure
What financial disadvantage do nationalised companies create?
What financial disadvantage do nationalised companies create?
Require substantial government funding
Why does Irish Rail have no incentive to reduce journey times?
Why does Irish Rail have no incentive to reduce journey times?
There are no competitors
What political interference affected Irish Rail's revenue?
What political interference affected Irish Rail's revenue?
Kilcock given lower fares due to lobbying