Bianca owns a company that provides laundry services.She ensures that only her family members are the stockholders of her company.She also allows them to control and manage all of the company's activities.In this scenario,Bianca owns a _____.
A)public corporation
B)closed corporation
C)not-for-profit corporation
D)limited-liability corporation

Question

Quizplus · Accepted Answer

Bianca's company is a closed corporation because it is owned and operated by a few individuals, specifically her family members, and does not sell shares to the general public.

Bianca Owns a Company That Provides Laundry Services