VCE Business Management Practice Questions - VCE Business Management Units 3 & 4 (Victorian Certificate Of Education) Exam

Which statement accurately highlights a defining operational characteristic of a Government Business Enterprise (GBE)?

It is owned by private shareholders and aims solely to maximize dividend payouts. It is owned by the government, operates commercially, and aims to cover costs and deliver community services. It is an unincorporated body where government ministers carry unlimited personal liability for debts. It is exempt from Australian corporate tax laws and operates entirely on charitable donations.

Correct Answer:

It is owned by the government, operates commercially, and aims to cover costs and deliver community services.

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