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Public corporation is financed with

Economics
JAMB 2023

Public corporation is financed with

  • A. Capital raised from shareholders
  • B. Tax payer's money
  • C. Capital raised from stock exchange
  • D. Capital contributed by owners
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Correct Answer: Option B
Explanation

Public corporations are run by the government through the tax paid by the people. They are established by an act of parliament or decree and it is controlled by the board of directors, appointed by the government.


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NECO June/July 2024 - Get offline past questions & answers - Download objective & theory, all in one app 48789

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Project Topics and Materials, Post-UTME past questions - Download now or upload yours to get paid
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
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NECO June/July 2024 - Get offline past questions & answers - Download objective & theory, all in one app 48789
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
NECO June/July 2024 - Get offline past questions & answers - Download objective & theory, all in one app 48789