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Public corporation is the innovation of the 20th century. Its basic feature is:

Question: Public corporation is the innovation of the 20th century. Its basic feature is:
  • A. A corporation by courtesy
  • B. Created for particular purpose
  • C. It is the result of government’s entry into business ✓
  • D. It has virtue of business management
Correct Answer: C. It is the result of government’s entry into business
Explanation: Public corporations are government-established entities designed to provide goods or services.

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