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) Cooperative (D) Closed or privately held corporation
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Step 1: A closed or privately held corporation is a company that is owned by a small number of shareholders, often members of the same family, and does not offer shares of stock to the public. Show more…
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