Question
Outline four differences between public corporation and public companies.
Answer
Public Corporations
i) Non-profit oriented.ii) Under the Act of parliament.
iii) Capital is raised by the government.
iv) Managed by the government through board of directors.
Public Companies
i) It is profit based.ii) Under the companies act.
iii) Capital are raised by the shareholder
iv) Managed by the shareholders through the board of directors.
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