Louisa Runs a Corporation Which Sells Bracelets to Generate Money

question 69

Multiple Choice

Louisa runs a corporation which sells bracelets to generate money to run a soup kitchen that feeds the needy. The corporation earns profits, but has no shareholders. Instead, all profits are used to provide food for the needy. The corporation is most likely a ________ ?

• A) Public corporation.
• B) S corporation.
• C) A corporation.
• D) Private corporation.
• E) Nonprofit corporation.

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Definitions:

Managerial Roles

The specific behaviors and tasks that are expected of a manager, including planning, organizing, leading, and controlling.

Interpersonal

Relating to relationships or communication between people.

Decisional

Relating to or involving the process of making choices or decisions, especially in a managerial or organizational context.

Management Functions

The core tasks performed by managers to achieve organizational objectives, typically categorized into planning, organizing, leading, and controlling.