Examlex
Which of the following statements is true?
Private Corporations
Businesses owned by non-governmental organizations or a relatively small number of shareholders or company members which do not offer or trade their company stock to the general public on the stock market.
Single Owner
Refers to a business structure where a single individual owns, manages, and is responsible for all aspects of the business, often known as sole proprietorship.
Legal Entity
An individual, company, or organization that has legal rights and obligations.
Satisfactory Income
The level of profit that meets or exceeds the expectations and needs of the business or its stakeholders.
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