Question 19
Business OrganisationsWhich of the following enterprises does NOT pursue the sole objective of profit maximization?
- A.Roads Nigeria Ltd.
- B.Union Bank of Nigeria Ltd.
- C.Nigerian Electric Power Authority
- D.Volkswagen (VW) Nigeria Ltd.
- E.Kingsway Nigeria Ltd.
Show the answer and explanation
Answer: C (Nigerian Electric Power Authority)
Explanation
NEPA was a public corporation whose main aim was to provide electricity as a service to the public, not to maximise profit.