Mars, Inc., maker of M&Ms and other candy, is 100 percent owned by the Mars family and is therefore referred to as a(n)
A) open corporation.
B) public corporation.
C) syndicate.
D) cooperative.
E) closed corporation.

Question

Quizplus · Accepted Answer

Mars, Inc. is 100% owned by the Mars family, which means it is a closed corporation. A closed corporation, also known as a closely held corporation, is a company that has a limited number of shareholders, often family members or close friends, and is not publicly traded.

Mars, Inc, Maker of M&Ms and Other Candy, Is 100 Percent