Which Statement Best Describes a Private Enterprise

question 34

Multiple Choice

Which statement best describes a private enterprise?

• A)Any entity that is not a publicly accountable enterprise.
• B)Any for-profit organization that is not a publicly accountable enterprise.
• C)An entity that holds assets in a legal capacity for a broad group of outsiders as one of its primary businesses.
• D)Any entity, excluding a not-for-profit organization.

---

Definitions:

Records

Information or data collected and stored systematically for retrieval and analysis, often in a database or archival system.

Close The Database

An action to safely disconnect from and shut down a database, ensuring that all transactions are complete and data integrity is maintained.

Entering Or Editing A Record

The process of adding new or modifying existing data in a database entry.

Close A Table

An operation in database management where a table is closed, ending access to its data until it is opened again.