Question

In the word of ______________" a public Corporation is an organization that is clothed with power of the government, but is possessed with the flexibility and initiative of private enterprise."

• A. Roosevelt
• B. Schumpeter
• C. Prof. Robson
• D. Ronaldo

Answer 1

The correct option is A Roosevelt

According to President Roosevelt,- “It is clothed with the powers of the government but possessed of the flexibility and initiative of a private enterprise.” Public corporations are free to take quick decisions which is very necessary for the success of a business concern. There is no government interference. There is no rigidity in their working as in case of departmental undertakings. The flexibility is necessary in the case of business undertakings.Its management is vested in a Board of Directors, appointed or nominated by the Government. But there is no Governmental interference in the day-to-day working of the corporation.