A Private Corporation Is One That

question 80

Multiple Choice

A private corporation is one that

• A) is owned by only a few people and not traded on the open market.
• B) does not pay taxes on its income.
• C) does not hire employees.
• D) can be purchased on the Toronto Stock Exchange.
• E) all of the answers are correct.

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Definitions:

Federal Programs

Initiatives or services provided by the federal government to achieve certain policy objectives or provide public services.

Corporate Social Responsibility

The concept that corporations can and should act ethically and be accountable to society for their actions.

Goodwill

In the business context, the valuable reputation of a business viewed as an intangible asset.

Judging

The process of forming an opinion or evaluation by discerning and comparing.