Greta and Raven Are Going to Be the Sole Shareholders

question 49

Multiple Choice

Greta and Raven are going to be the sole shareholders of a new catering business that will operate in their city.What type of corporation are Greta and Raven most likely considering?

• A) a closely held corporation
• B) an issuing corporation
• C) a public corporation
• D) a federal corporation

---

Definitions:

Employment Records

Documentation regarding a person's work history, including positions held, tenure, and performance.

Fourth Quintile

The subgroup that represents the fourth segment of a population divided into five equal groups based on a particular characteristic, typically income.

Total Income

The sum of all earnings or revenue generated by an individual or entity from various sources before any deductions.

U.S. Income Distribution

The way in which total income is shared among the population of the United States.