Organizations wholly owned by the government but run as commercial establishments; also known as state-owned enterprises.

• A. Public sector
• B. Public corporations
• C. Private sector
• D. Non-governmental organization

Answer: (B)

State-owned enterprises are government-owned but run like businesses. The term public corporations fits because it describes organizations wholly owned by the government that operate commercially as a corporation—with a separate legal entity, a board, and a profit motive, often delivering services or producing goods.

The public sector is broader and includes non-commercial government units like ministries and agencies, so it’s not the right label for a government-owned business. The private sector refers to privately owned firms, not government-owned ones. NGOs are non-profit and not owned by the government, so they aren’t appropriate either.