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The Government of Jermenia, a Country in Eastern Europe, Owns

Question 54

Multiple Choice

The government of Jermenia, a country in Eastern Europe, owns Auburn Inc., a mining company worth $200 billion. The government controls all the operations of the company. The profits of Auburn Inc. are returned to the government. Given this information, it can be said that Auburn Inc. is a _____.


A) joint venture company
B) limited liability firm
C) sole proprietorship company
D) state-owned enterprise

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