Question 5
Highlight five factors that account for the downturn of public corporations.
Observation
This was unpopular question and many of the candidates who answered it didn’t perform well. They didn’t understand the demand of the question and scored poorly. The candidates were expected to give the following points as their answers.
- Practice of excessive bureaucracy.
- Political patronage.
- Engagement or employment based on cronyism/nepotism.
- Inefficient/ineptitude management problems.
- Poor auditing and accounting system.
- Lack of proper monitoring and supervision of officers.
- Poor/lukewarm attitude to work.
- Employment of unqualified/incompetent personnel.
- Misplaced priority/Veering off core mandate.
- Unnecessary and undue political interference.
- Frequent political changes/appointments of management.
- Waste and productivity in its operations.
- Higher expenditure than income.