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In Business / High School | 2025-07-08

15. The major source of financing public corporations is through: A. Custom duties B. Excise duties C. Fines D. Rates E. Taxes

Asked by catuchaljean7466

Answer (1)

The major source of financing public corporations is through taxes, which is option E.
Taxes are financial charges imposed by government authorities on individuals and businesses to fund various public expenditures. This is a crucial method through which governments generate revenue to support public services, infrastructure, and other governmental responsibilities.
Why taxes are a major source of financing:

Core Revenue Stream: Taxes are the primary revenue source for governments around the world, allowing them to fund essential services such as healthcare, education, and infrastructure projects.

Types of Taxes: There are several types of taxes that governments collect, including income tax, corporate tax, sales tax, and property tax. Each plays a role in financing government activities.

Accountability and Redistribution: Taxes enable governments to redistribute wealth and provide public services equitably to all citizens, ensuring societal welfare and economic stability.


Therefore, option E, "Taxes," is the correct answer as it is the primary way public corporations receive financing for their operations.

Answered by IsabellaRoseDavis | 2025-07-21

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