Which of the following statements about public corporation is not true?
GOVERNMENT
WAEC 2017
Which of the following statements about public corporation is not true?
- A. It is managed by a board of directors
- B. It is established by an act of parliament
- C. A huge capital is needed for its establishment
- D. It is financed mainly by private individuals
Correct Answer: D. It is financed mainly by private individuals
Explanation
Government Owned and financed.
Government Controlled and Managed.
Separate Legal Entity.
Perpetual Succession.
Autonomy.
Service Motive.
Public Accountability.
Business Motive.
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