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WAEC Commerce 1994 Question 7

Question 7

Government and Business

Which of the following relies on the government for its initial capital?

  1. A.Co-operative Society
  2. B.Private Limited Company
  3. C.Public Corporation
  4. D.Public Limited Company
  5. E.Credit and Thrift Society.
Show the answer and explanation

Answer: C (Public Corporation)

Explanation

Public corporations are set up and financed by government.