In economics, a business establishment that is operated as a legal entity but where the members does not hold shares in the entity is called a(n):Multiple Choiceindustry.private company.conglomerate.closed company

Multiple Choice QuestionWhat term refers to a corporation that is owned by just one or a few people, often a family, who are closely involved in managing the business?Multiple choice question.Public corporationS corporationLimited corporationPrivate corporation

A firm, recognized by law as a single entity (as opposed to a collection of individuals), whose owners, shareholders, and senior managers incorporate their resources, rights, and duties.Group of answer choicesCorporationTerritorySupply chainTransnational corporation

A corporation is a legal entity formed by selling Blank______ to investors, who then become owners of the company.Multiple choice question.patentslicensesstockfranchises

Multiple Choice QuestionThe purchase of one company by another, usually by buying its stock, is called a(n) Blank______.Multiple choice question.dividendjoint ventureacquisitionmerger

An investor who purchases stock in a company becomes a(n)Multiple Choicecreditor.prospect.owner.buyer.