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
Correct Answer: B. Tax payer's money
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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