WebMerits or Advantages of Departmental Undertaking. 1. Rules, regulations, processes and procedures are well established. Clear cut systems and policies ensure smooth functioning and effective management. 2. Financial records are subject to government audit. Therefore there is less risk of misuse of funds. 3. WebDisadvantages of Government Company i. Board of Directors Packed with ‘Yes-Men’. On the Board of Directors of a government company, there are Government... ii. Autonomy …

The Pros and Cons of Being a Government Contractor

WebNov 28, 2024 · 7. Expensive Benefits. Many W-2 employees receive benefits packages that cover the employees’ health insurance. Often, these health benefits are paid for by the employer. WebApr 11, 2024 · Demerits: 1. Autonomy only on Paper: The autonomy and flexibility of public corporations are merely symbolic. Ministers, government officials, and political parties … katherine hahn amazon commercial

Joint Stock Company: Meaning, Features, Merits

WebThey protect the consumers from being exploited by private enterprises by offering them a cheaper and better alternative. Another advantage that a nation derives from state owned enterprises is the fact that they create jobs for the people. State owned enterprises help the government to control certain strategic sectors of the economy. WebDemerits of government companies: Lack of autonomy & flexibility. The flexibility & autonomy of government company is illusionary. These companies have... Lack of motivation. The employees & other high officials working in government companies lack … WebThe government is authorized to give policy directions to the statutory corporations under the provisions of the acts governing them. Easy to Raise Funds; Being government … layer clock