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)closed
C)preferred
D)restricted

Question

Quizplus · Accepted Answer

The best choice is "closed" because when a company is closed, ownership is limited to a small group of individuals, often family members or closely held investors. This would allow the founding members to regain control of the company and manage it without interference from outside shareholders. Limited, preferred, and restricted ownership structures could still allow for outside investors to have some control or influence over the company.

When Founding Members of Mary Kay Inc