Which of the following is true of a public corporation? It is
Answer Details
A public corporation is a type of organization that is established by the government to carry out certain functions on behalf of the public. It is not owned by any individual, but rather by the state or federal government. Therefore, and are not correct because a public corporation is not set up to make a profit for the government nor is it owned by the minister of commerce.
Public corporations are usually created to provide essential services for the people at a low cost, which aligns with. For example, a public corporation may be established to manage public utilities such as electricity, water, and sewage systems. The primary goal of such a corporation is to ensure that these services are accessible and affordable for all citizens.
is also not correct because a public corporation is not owned by the governor of a state. Finally, is partly correct because a public corporation can be established by a bye-law, which is a type of legislation that is passed by a local government to regulate its affairs.