Question

Miracle Mobile Devices, Inc., is a private, for-profit corporation that is owned by five shareholders who are members of the same family. Miracle is​

A. a close corporation.​
B. none of the choices.​
C. a nonprofit corporation.​
D. ​an S corporation.

Answer 1

Answer: the correct answer is A. a close corporation

Step-by-step explanation:

A closed corporation is a company whose shares are held by a select few individuals ( in this case, the members of the same family) who are usually closely associated with the business.