Reasons for the control of public corporation - SS2 Government Past Questions and Answers - page 1
What is the main reason for the control of public corporations by the government?
To ensure that essential services are provided
To maximize profits for shareholders
To avoid government regulation
Who are public corporations accountable to?
The government and the public
Private shareholders
Industry regulators
Who are public corporations accountable to?
The government and the public
Private shareholders
Industry regulators
What is the priority of public corporations?
The public good
Maximizing profits for shareholders
Avoiding government oversight
How can public corporations promote economic stability?
By providing essential services or goods
By maximizing profits for shareholders
By avoiding government regulation
Why does the government control public corporations, and what benefits does this provide to society?
The government controls public corporations to ensure that essential services are provided, to hold corporations accountable to the public, to prioritize public interest over profit, and to promote economic stability. This benefits society by ensuring access to essential services, promoting transparency and accountability, protecting vulnerable populations, and stabilizing the economy.
How do public corporations differ from private corporations, and why is government control necessary for public corporations?
Public corporations differ from private corporations in that they are owned and operated by the government, and they prioritize the public good over profit. Government control is necessary for public corporations to ensure that essential services are provided, that corporations are accountable to the public, and that public interest is protected. This is in contrast to private corporations, which are run for the benefit of private individuals or shareholders.