Business Studies

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


ANSWER

All of above


SOLUTION
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. Features of public corporation are:
a) It can sue and be sued and can enter into contracts in its own name.
b) The public corporation is wholly owned by the Central and/or State Government
c) It enjoys financial autonomy.
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Single Correct Medium Published on 18th 08, 2020
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