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Questions and Answers
What is a key characteristic of a statutory corporation according to the text?
What is a key characteristic of a statutory corporation according to the text?
- Subject to budget constraints
- Managed by private shareholders
- Employs government servants
- Answerable to parliament (correct)
How does the staffing system of a statutory corporation differ from government employment?
How does the staffing system of a statutory corporation differ from government employment?
- Employees are recruited based on political influence
- Employees are governed by corporation rules (correct)
- Employees receive higher salaries than government servants
- Government owns and manages employees
In terms of financial autonomy, what distinguishes a statutory corporation?
In terms of financial autonomy, what distinguishes a statutory corporation?
- Managed by private investors
- Not allowed to borrow money
- Subject to government budget controls
- Can borrow money with government permission (correct)
Why is there no political interference in the formation of statutory corporations?
Why is there no political interference in the formation of statutory corporations?
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