A Corporation Whose Stock Is Held by Only a Small

question 82

Multiple Choice

A corporation whose stock is held by only a small number of shareholders is an) :

• A)partnership.
• B)publicly traded corporation.
• C)mutual benefit nonprofit corporation.
• D)sole proprietorship.
• E)closely held corporation.

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Definitions:

Entrepreneurial Ability

The skillset that enables individuals to recognize business opportunities, innovate, undertake risks, and manage businesses effectively.

Production Techniques

The methods and processes used by firms to produce goods or deliver services, including all aspects from initial design to final output.

Economic Loss

A situation where revenues from business activities are less than the expenses and costs associated with sustaining the business.

Price of Labor

The wage rate or compensation that employers pay workers in exchange for their labor or services.