What Is a Corporation Whose Number of Shareholders Is Limited

question 48

Multiple Choice

What is a corporation whose number of shareholders is limited and whose shares are not traded on a stock exchange?

• A) public corporation
• B) private corporation
• C) limited corporation
• D) general corporation

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Definitions:

Fur Trade

The exchange of animal furs (primarily beaver pelts) between traders and indigenous peoples in North America, a significant economic activity from the 16th to 19th centuries.

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The act of driving out British forces or authority, often in the context of struggles for independence by various nations.

Federal Power

The authority and influence held by a federal government, encompassing powers shared or distributed between the national government and its subdivisions.

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