When founding members of Mary Kay Inc. wanted to regain family control of the cosmetics business, they changed the company ownership from publicly held to ______, in order to control and manage corporate activities.
A) limited
B) preferred
C) closed
D) restricted

Question

Quizplus · Accepted Answer

The best choice is C, closed. This means that the ownership of the company is restricted to a small group of individuals, usually family members or a select group of investors. By transitioning from a publicly held company to a closed one, the founders were able to regain control over corporate activities and management. Limited, preferred, and restricted are not accurate descriptions of the type of ownership structure the founders chose.

When Founding Members of Mary Kay Inc