Public corporation is financed with

Economics

JAMB 2023

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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Public corporation is financed with

Correct Answer: Option B

Explanation

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