What is the government corporation status and how does it differ from a private corporation?

• A. A government corporation is privately owned and operates for profit without public oversight.
• B. A government corporation is owned by private shareholders and receives no government funding.
• C. A government corporation is owned by the government to provide a market-style service; it may incur public funding and faces public accountability, unlike private firms.
• D. A government corporation is a non-profit organization funded entirely by donations.

Answer: (C)