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NNF1024 NNF1024
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Which of the following is a key difference between private corporations and public corporations?

▸ Private corporations are legally a group of people, whereas public corporations are distinct from any individual persons.

▸ Private corporations cannot own property, whereas public corporations can own property.

▸ Public corporations cannot own property, whereas private corporations can own property.

▸ Private corporations do not have the power to run a business of its own, whereas public corporations can run a business of its own.

▸ Private corporations are owned by a few people, whereas public corporations can be owned by anyone who has the means to buy stake.
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Business in Action

Business in Action


Edition: 9th
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moyo966moyo966
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Private corporations are owned by a few people, whereas public corporations can be owned by anyone who has the means to buy stake.

The stock of a private corporation is owned by only a few individuals or companies, whereas the stock of a public corporation is sold to anyone who has the means to buy it.
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