1. Define and explain the Following Concepts ● Public Sector: ● Private Sector: ● Contract: Risk Transfer:

Understanding Business
12th Edition
ISBN:9781259929434
Author:William Nickels
Publisher:William Nickels
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
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1. Define and explain the Following Concepts
Public Sector:
● Private Sector:
. Contract:
Cons:
Risk Transfer:
2. What is Public/Private Partnership? (Explain in 1 Paragraph)
3. Under which circumstances a Public/Private Partnership can fail? Explain
4 State or explain in your own words 3 pros and cons of Public/Private Partnership
5. Name and explain 3, principles for successful Public/Private Partnerships
6. According to ESCAP United Nations, how important is risk allocation and why? Explain
7. Describe briefly a current Public/Private Partnership Project that is under construction in
New York
Transcribed Image Text:1. Define and explain the Following Concepts Public Sector: ● Private Sector: . Contract: Cons: Risk Transfer: 2. What is Public/Private Partnership? (Explain in 1 Paragraph) 3. Under which circumstances a Public/Private Partnership can fail? Explain 4 State or explain in your own words 3 pros and cons of Public/Private Partnership 5. Name and explain 3, principles for successful Public/Private Partnerships 6. According to ESCAP United Nations, how important is risk allocation and why? Explain 7. Describe briefly a current Public/Private Partnership Project that is under construction in New York
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