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Differences between public corporation and a public limited company include;Public corporation is formed under the act of parliament while Public limited company is formed under the company‘s act.Public corporation is fully owned by the government while public limited is Owned by private persons who own shares.Public corporation's initial capital is provided by the state or through state guarantees while public limited's Capital obtained through issue of shares, selling of debentures or other loansPublic corporation management is appointed by the government (Board of directors) while public limited directors elected by the shareholders.Public corporation is set – up to offer essential services to the public while public limited is formed to make profit.Public corporation, the profit made rest on the parliament while public limited, the profits rest with the shareholders or creditors.Public corporation performs specific functions and related activities while public limited performs various functions.
Some of the characteristics of a private limited companies include:It must have at least one directorTransfer of share is restrictedBusiness can be started immediately after incorporationIt is not entitled to publish annual accountsIt is not a must to hold statutory meetingsNumber of members is limited to 50 (in Kenya)
Difference between private and public finance management;The government gets money for spending from taxes , other sources of income and borrowing.Government departments do not operate to make profits and objectives of the departmentGovernment departments have full time professional civil servants as their managers but decisions are also taken by politicians.Government services are provided without the commercial pressure of competition. There are no competitive reasons for controlling costs.
Differences between the human eye and the camera are;Human eye focal length is varied while in camera focal length is fixed.Human eye has constant image distance while camera has variable image distance.Human eye has constant changing pictures while camera takes one picture at a time.
Differences between whole life and endowment policy are;Whole life covers the assured throughout his/her life while endowment policy covers the assured for a specific period of time.Whole life compensation premium are paid throughout the life while in endowment policy premiums are paid for a specified period of time.Whole life is not a saving plan for the future while endowment policy is a saving for the future.