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 Form 2 Business Studies: Forms of business units lessons

Circumstances under which a public corporation may be dissolved

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Answer Text:
Dissolution of public corporations
They can only be dissolved by the government due to:
1. Persistent loss making
2. Bankruptcy- where the corporation cannot pay its debts
3. Change in the act of parliament that formed the corporation
4. Privatization
5. Mismanagement, resulting in poor management of the corporation


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