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Louisa Runs a Corporation Which Sells Bracelets to Generate Money

Question 44

Multiple Choice

Louisa runs a corporation which sells bracelets to generate money to run a soup kitchen that feeds the needy.The corporation earns profits,but has no shareholders.Instead,all profits are used to provide food for the needy.The corporation is most likely a ________.


A) A corporation.
B) Nonprofit corporation.
C) S corporation.
D) Public corporation.
E) Private corporation.

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