The Ways That a Corporation Can Be Classified by Purpose

question 93

Multiple Choice

The ways that a corporation can be classified by purpose are

• A) general and limited.
• B) profit and non-profit.
• C) provincial and federal.
• D) publicly held and privately held.

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Definitions:

Accumulated

Refers to an amount or quantity of something that has been gathered or collected over a period of time.

Human Tissue

Biological material from the human body, such as organs and cells, used in medical or scientific research.

Whistle-blower

An individual who exposes illegal, unethical, or harmful practices within an organization to the public or authorities, often at personal risk.

Consumer Product Safety Commission

A U.S. federal agency responsible for the regulation and oversight of consumer product safety standards.