Which statement correctly describes a public corporation?

Which statement correctly describes a public corporation?

• A. Owned by private shareholders
• B. Non-incorporated
• C. Not publicly accountable
• D. State-owned and publicly accountable

Answer: (D)

A public corporation is an organization owned by the government and set up to serve the public, functioning as a legal entity separate from the government itself. Because it is government-owned, it is funded by taxpayers and is expected to be accountable to the public and to government oversight, with regular reporting and audits. That’s why the statement stating it is state-owned and publicly accountable is the best fit. It wouldn’t be owned by private shareholders, it is an incorporated entity, and it is designed to be publicly accountable rather than not.

A public corporation is an organization owned by the government and set up to serve the public, functioning as a legal entity separate from the government itself. Because it is government-owned, it is funded by taxpayers and is expected to be accountable to the public and to government oversight, with regular reporting and audits.

That’s why the statement stating it is state-owned and publicly accountable is the best fit. It wouldn’t be owned by private shareholders, it is an incorporated entity, and it is designed to be publicly accountable rather than not.