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© africaexams.com
Question : 16
Total: 50
Which of the following statements about public corporation is not true?
It is managed by a board of directors
It is established by an act of parliament
A huge capital is needed for its establishment
It is financed mainly by private individuals
Validate
Solution:
Government Owned and financed.
Government Controlled and Managed.
Separate Legal Entity.
Perpetual Succession.
Autonomy.
Service Motive.
Public Accountability.
Business Motive.
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