Definition of public corporations. - SS2 Government Past Questions and Answers - page 1
1
What is a public corporation?
A
A corporation owned and operated by the government
B
A corporation owned and operated by private individuals
C
A corporation that operates solely for profit
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2
How are public corporations created?
A
Through legislation
B
Through private investments
C
Through mergers with other corporations
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3
What powers and privileges are typically granted to public corporations?
A
The ability to issue bonds
B
The ability to regulate certain industries
C
Both a and b
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4
Who are public corporations accountable to?
A
The government
B
Private investors
C
The general public
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5
What are profits typically used for in public corporations?
A
Reinvested in public services
B
Distributed to shareholders
C
Used to pay off private debt
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6
What is the goal of a public corporation?
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