Problems facing public corporation - SS2 Government Past Questions and Answers - page 1
What is a common problem faced by public corporations?
Lack of government funding
Inefficient management
Political influence from the judiciary
What can lead to decisions being made for political reasons rather than the good of the corporation?
Political interference
Financial constraints
Lack of innovation
What is a consequence of public corporations lacking accountability?
Increased public trust
Difficulty in holding them responsible for their actions
Better decision making
What is a consequence of public corporations lacking accountability?
Increased public trust
Difficulty in holding them responsible for their actions
Better decision making
What is a common financial constraint faced by public corporations?
Unlimited funding
High debt levels
Low operating costs
Why may public corporations suffer from a lack of innovation?
Due to their bureaucratic structure
Due to lack of funding
Due to government regulations
How can political interference negatively impact public corporations?
Political interference can negatively impact public corporations by leading to decisions being made for political reasons rather than for the good of the corporation, which can negatively impact its performance and financial stability.
What are some consequences of public corporations suffering from a lack of innovation?
Public corporations suffering from a lack of innovation may be less agile and flexible than private corporations, and may struggle to keep up with changing market conditions. This can lead to decreased competitiveness and ultimately impact their ability to serve the public interest.