SOSC 2342 Lecture Notes - Lecture 1: Transaction Cost
16 May 2020
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Chapter 3 page 83 question 1, 2 and 3. Answer 1: the power and accountability should have been taken control by the government at the beginning as well as the public limited company. That way more people could have focused on the railway instead of just one company trying to run a huge railway system for a country. This way it would have been much more efficient and profitable. Answer 2: i believe that it should be a re-classified, state owned corporation, with the national. Treasury responsible for its debt because a government"s first priority is to make anything better for the country"s citizen, in this case the railway. Instead of making a profit the government will try and make the railways efficient. Moreover, the government has more power of funding more than any private company. Lastly, knowing that the treasury is under debt control they can fix a budget system and clear the debts along the year.
