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
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How are public corporations created?
Through legislation
Through private investments
Through mergers with other corporations
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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
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Who are public corporations accountable to?
The government
Private investors
The general public
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What are profits typically used for in public corporations?
Reinvested in public services
Distributed to shareholders
Used to pay off private debt
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What is the goal of a public corporation?
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