Business Studies

Feature(s) of a public corporation is/are _____________________.


ANSWER

It enjoys a separate legal entity with perpetual succession and common seal.


SOLUTION
It enjoys a separate legal entity with perpetual succession and common seal- it is a feature of public corporation. A public corporation is a combination of public ownership, public accountability and business management for public end. A public corporation can also be defined as an organization that is clothed with the power of government but is possessed with the flexibility and initiative of private enterprise.
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Single Correct Medium Published on 18th 08, 2020
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