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