Summer Foods Is a Public Corporation That Is Experiencing Difficulty

Multiple Choice

Summer Foods is a public corporation that is experiencing difficulty growing its vegetable products during an especially dry summer season. Wanting the flexibility to make decisions for restructuring the company's operations, its managers buy all the stock, which means the company is

A) changing to a quasi-public corporation.
B) initiating an initial public offering.
C) essentially shutting down operations.
D) taking the company private.
E) converting the company to a nonprofit.