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In the accompanying figure, item 1 points to the ____.
Nonpublic Corporation
A corporation whose shares are not traded publicly on stock exchanges and is usually privately held, often family-owned or with a small group of investors.
Transferable
A feature of an asset or financial instrument that allows it to be transferred or sold from one party to another without restriction.
Nonprofit Corporation
An organization established for purposes other than making a profit, such as charitable, educational, or cultural.
Members
Individuals who are formally part of an organization, group, or body, often with specific rights and responsibilities.
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