Which statement about a public corporation is correct?

Which statement about a public corporation is correct?

• A. A private company owned by individuals
• B. A charitable organization
• C. A company listed on a stock exchange
• D. A business organization owned and controlled by the state/government

Answer: (D)

Public corporation means a business owned and controlled by the government, a government‑owned enterprise. This setup places it in the public sector and often means the state sets the objectives and directs the board to serve the public interest, not just to make profits. That’s why the statement describing ownership and control by the state/government is correct. The other descriptions don’t fit this sense: a private company is owned by individuals, a charitable organization isn’t a commercial business, and a company listed on a stock exchange can be publicly traded without being government-controlled.

Public corporation means a business owned and controlled by the government, a government‑owned enterprise. This setup places it in the public sector and often means the state sets the objectives and directs the board to serve the public interest, not just to make profits. That’s why the statement describing ownership and control by the state/government is correct. The other descriptions don’t fit this sense: a private company is owned by individuals, a charitable organization isn’t a commercial business, and a company listed on a stock exchange can be publicly traded without being government-controlled.