Public Corporations Quiz

What are public corporations primarily owned and controlled by?

• Private individuals

• The government

• Non-profit organizations

• International bodies

What is the main purpose of public corporations?

• To maximize profits

• To provide public services

• To compete with private firms

• To expand internationally

How are public corporations created?

• By private investors

• Through an Act of Parliament

• By international treaties

• By local councils

Which of the following is a feature of public corporations?

• Funded by private investors

• Aim to make a profit

• Have their own legal identity

• Operate without government oversight

Why might public ownership be preferred for certain services?

• To increase competition

• To avoid duplication of services

• To reduce government spending

• To maximize profits

What is a reason against public ownership?

• High efficiency

• Low cost to the government

• Political interference

• High competition

What is a potential disadvantage of public ownership?

• High competition

• Inefficiency due to lack of competition

• Low government involvement

• High profitability

Public corporations are accountable to whom?

• Private shareholders

• The public

• International organizations

• Local businesses

What is a reason against public ownership related to management?

• Easy to manage and control

• Difficult to manage and control

• High profitability

• Low government involvement

What is a feature of public corporations regarding funding?

• Funded by private investors

• Funded by the government

• Funded by international loans

• Funded by local businesses