frishelkura
Answered

Which of the following is true of private corporations?

AThey are owned by the govt.
Bthey are most often owned and managed for the purpose of providing a service such as public utilities
Cthey are owned by the general public
Dthey are not owned by the general public

Verified Answer :

Neuron

What is true of private corporations is that they are not owned by the general public - D.

Private corporations are usually being owned by a small number of individuals who hold great power in their hands and then also dictate how these corporations work and how well they fare in their endeavours (services they provide).

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