________ corporations are for-profit corporations whose shares are usually owned by a few shareholders,who are often family members,relatives,or friends.

Question

Quizplus · Accepted Answer

The description given in the statement fits that of a privately held corporation. Privately held corporations differ from public corporations, where shares are publicly traded, and anyone can buy ownership in the company. In contrast, the shares of a privately held corporation are owned by a select group of people who are typically family, relatives, or close friends.

________ Corporations Are For-Profit Corporations Whose Shares Are Usually Owned