In the private sector, financing needs are met by __________.
A) Borrowings only
B) Fees and charges
C) Combination of budget allocations and service charges/ taxing authority
D) Budget allocations (free services)

Question

Quizplus · Accepted Answer

In the private sector, financing needs are typically met through a combination of sources, including borrowing, budget allocations, and fees and charges for services. However, borrowing and budget allocations are not the sole sources of financing in the private sector, as many companies also rely heavily on revenue generated from fees and charges for their services. Therefore, the best choice for this question is B (Fees and charges).

In the Private Sector, Financing Needs Are Met by __________