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SS1: COMMERCE - 3RD TERM

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  1. Associations and Enterprises | Week 1
    3 Topics
  2. Co-operative Societies I | Week 2
    3 Topics
  3. Co-operative Societies II | Week 3
    3 Topics
    |
    2 Quizzes
  4. Public Enterprises | Week 4
    5 Topics
    |
    1 Quiz
  5. Limited Liability Companies | Week 5
    4 Topics
  6. Formation of Limited Liability Companies | Week 6
    1 Topic
  7. Limited Liability Companies III | Week 7
    3 Topics
    |
    3 Quizzes
  8. Trade Associations and Other Enterprises | Week 8
    1 Topic
  9. Chamber of Commerce | Week 9
    1 Topic
  10. Other Forms of Trade Association | Week 10
    1 Topic
    |
    1 Quiz



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Lesson 4, Topic 5
In Progress

Differences between Public Corporation and Public Limited Company

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Below are some differences between Public Corporation and Public Limited Company;

Public CorporationPublic Limited Company
Ownership:The governmentShareholder
Formation:Act of parliament or decreeIncorporation
Control:The minister will appoint the board of directorsThe Board of directors is elected by shareholders
Capital:Government and through grantsProvided through shares and debentures
AIM: Provision of essential servicesTo make profit

Evaluation Questions:

1. Name at least two public enterprises and describe their formation and management.
2. Discuss the relationship between provisions of public services and tax payment.
3. Explain the sources of capital for public enterprises.
4. State five advantages and five disadvantages of public enterprises.
5. Name 3 Differences between Public Corporation and Public Limited Company.

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