Explain any five ways in which nationalised industries differ from public limited companies.
COMMERCE
WAEC 1994
Explain any five ways in which nationalised industries differ from public limited companies.
Explanation
Public limited companies/ Nationalized companies 1- Shareholders/ Government 2- To maximise profit/ To provide essential services for the people 3- Controlled by board of directors/ Control by board of directors appointed by the minister 4- Through selling of shares and debentures/ Provided by the government 5- Through in corporation at corporate affairs commission/ Acts of parliament 6- Account must be published to the public/ Accounts are not usually published. Not mandatory 7- It is compulsory/ It is not compulsory
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