WAEC SSCE - Commerce - 2017 (Objective)

Question 1 Report

which of the following bussinesses relies on government subvention for its operation?

public corporation

public limited liability company

co-operative society

private limited liability company

Answer Details

The business that relies on government subvention for its operation is a public corporation. A public corporation is a business entity that is owned and operated by the government. As such, it relies on government funding to finance its operations. This funding can come in the form of direct subsidies, grants, or other forms of financial support. Public limited liability companies and private limited liability companies are both privately owned businesses and do not typically rely on government subventions for their operation. Co-operative societies are also owned by their members and do not necessarily rely on government funding, although they may be eligible for certain types of government assistance or support programs.






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