Which type of business organization is owned by its shareholders?

Name: Which type of business organization is owned by its shareholders?
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Question

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A corporation is owned by its shareholders, who have purchased shares of stock in the company. They elect a board of directors to oversee the company's operations and make major decisions on their behalf. Shareholders are entitled to a portion of the company's profits in the form of dividends and can sell their shares at any time.

Which Type of Business Organization Is Owned by Its Shareholders