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WAEC Economics 2001 Question 30

Question 30

Business Organisations

In a public corporation, the risks of business are borne by the

  1. A.workers
  2. B.tax payers
  3. C.board members
  4. D.treasury.
Show the answer and explanation

Answer: B (tax payers)

Explanation

Public corporations are financed with public money, so losses ultimately fall on the taxpayers.