The functions of public corporations include the following EXCEPT
Answer Details
Public corporations are established primarily to serve the interests of society, offering critical services and contributing to the economic well-being of the community. Let's explore the functions mentioned:
Providing essential services to the public: Public corporations often supply necessary services such as water, electricity, transportation, and healthcare. These services are fundamental for daily life and are provided regardless of the ability to pay.
Providing even development: These corporations aim to facilitate balanced development across various regions, addressing inequalities by ensuring that all areas receive necessary investments and services. This helps in reducing regional disparities.
Providing employment opportunities: Public corporations generate jobs by employing a large number of people. They offer both direct and indirect employment opportunities, thereby contributing to the overall employment rate of a country.
Maximizing profits for the board members: Unlike private businesses that aim to generate profits for shareholders, public corporations are not primarily profit-oriented. Their main goal is to serve the public interest efficiently and effectively. Therefore, ensuring high profits for board members is generally not a function of public corporations.
In conclusion, the function that does not align with the objectives of public corporations is maximizing profits for the board members. These entities prioritize public service over profit maximization.