Lesson 3 & 4

Question 1

Is the city owned and run as a department of the city with policy direction by the city council, and in some cases, by separate airport commission or advisory board

Answer 1

Municipally operated airport

Question 2

Are legally chartered institutions with the status of public corporations that operate variety of publicly owned facilities such as harbors, airports, toll roads, and bridges

Port authorities have extensive independence form the state and local governments

Answer 2

Multipurpose port authorities

Question 3

They must rely on a much narrower base of revenues to run a financially self sustaining enterprise

Answer 3

Single-purpose authority

Question 4

Typically managed by the states department of transportation. Either general obligation or revenue bonding might be used to raise investment capital, and state taxes on aviation fuel might be applied to capital improvement projects

Answer 4

State operated airports

Question 5

State owned enterprise that conducts both commercial and non commercial activity

Answer 5

Government owned controlled corporation

Question 6

Require all GOCC to remit 50% net earning in cash, stock or property dividends to national government

Answer 6

Section 3 R.A 7656

Question 7

Governments central advisory and oversight body over the public sector

Answer 7

Governance commission

Question 8

Refers to shifting governmental functions and responsibilities, in whole or in part, to the private sector

Answer 8

Privatization

Question 9

Typically involves the least of airport property and or facilities to private company to build, operate, and or manage commercial services offered at the airport

Answer 9

Airport privatization

Question 10

Privatization can in the form of

Answer 10

Asset divesture
Contracting
Franchise
Public-private partnership

Question 11

Disposition or sale of assets or stakes

Answer 11

Asset divesture

Question 12

Public fund pays private vendors for public service

Answer 12

Contracting

Question 13

Gives the vendor privileges to act as local monopoly in the area

Answer 13

Franchise

Question 14

Shared responsibility for providing public use

Answer 14

Public-private partnership

Question 15

Why privatize?

Answer 15

Reduce government involvement in commercially viable activities

Increase efficiency in the deliver of programs

Provide competition

Address the government’s limited absorptive capacity

Question 16

Advantages in privatization

Answer 16

Improved performance
Less prone to corruption
Clear accountability
Removal of political goals
Access to capital
Improved descipline

Question 17

Disadvantages of privatization

Answer 17

Abandonment of social obligation
Inability of public control
Clear accountability

Question 18

Contractual arrangements entered into by the government with the private sector. The private sector can build, operate, and maintain public infrastructure facilities and provide services traditionally delivered by the government

Answer 18

Public private partnership

Question 19

Are private, non stock, non profit voluntary organizations that work with different sectors and communities to promote their general welfare and development, and provide wide range of service for people’s organization

Answer 19

Non Government Organization

Question 20

Who represents stakeholders affected by the project

Answer 20

Community Based Organizations