Question

Compare the company form of organisation with the statutory corporation which of the two would you recommend for managing public enterprises and why

Answer 1

Answer:

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Explanation:

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Answer 2

People prefer a statutory corporation for managing a public enterprise.

Step by step Explanation:

• its formation is quite easy. It can have a unique working pattern. It enjoys complete flexibility regarding its operations. The government finances these companies and still, they can freely collect the capital from the general public.

• A company form of organisation also known as a joint stock company is an elective association of people generally established for undertaking several big businesses ventures, whether industrial or commercial.

• A statutory corporation refers to a corporation created solely by the state through a special act of Parliament. Government finance such corporations entirely.