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WAEC Commerce 1991 (August) Question 69

Question 69

Government and Business

In nationalized industries, losses are borne by the

  1. A.tax payers
  2. B.shareholders
  3. C.debenture holders
  4. D.Minister of Industries
  5. E.Board of Directors
Show the answer and explanation

Answer: A (tax payers)

Explanation

Public corporations are funded by government, so their losses fall on the public through taxes.