Public Corporations

question 38

Multiple Choice

Public corporations:

• A)are characterized by dispersed ownership.
• B)are own by the public through the government.
• C)are characterized by concentrated ownership.
• D)are subject to public scrutiny.

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Definitions:

Sales Discount

A reduction in the price of goods or services offered to a customer, typically to encourage prompt payment or bulk purchasing.

Debit Balance

The condition of an account when the total of debits exceeds the total of credits, typically indicating assets or expenses.

Merchandisers

Companies or individuals involved in the business of retailing or wholesaling goods.

Wholesalers

Merchants who buy goods from suppliers and manufacturers for sale to retailers.