The ways that a corporation can be classified by purpose are
A) general and limited.
B) profit and non-profit.
C) provincial and federal.
D) publicly held and privately held.

Question

Quizplus · Accepted Answer

Corporations can be classified by purpose into profit and non-profit. Profit corporations are established to make money for their owners, while non-profit corporations focus on charitable, educational, or other activities without the goal of making a profit.

The Ways That a Corporation Can Be Classified by Purpose