SQA National 5 Business Management Practice Exam 2025 – Your All-In-One Guide to Exam Success!

The public sector comprises organizations that are owned, operated, and funded by the government at either the central or local level. These entities are established to provide services or goods to the populace and to fulfill the role of implementing government policies. Public sector organizations range from local councils and government departments to public hospitals and schools.

The accountability of these organizations is to the government, and ultimately to the taxpayers, which means they operate under regulations and guidelines set forth by public authorities. Their primary purpose is to serve the public interest, as opposed to making profits like private sector enterprises.

The other sectors mentioned serve different functions. The private sector is made up of businesses that are owned and controlled by individuals or groups aiming to generate profit. The third sector encompasses non-profit organizations and charities that operate independently of government funding, focusing on social causes. The corporate sector typically refers to large private and publically traded companies and their operations, which are distinct from the public sector's governance.