Question

Blue Ice Inc. is an American corporation. The company started out as a 1. ____ between Nick Selver and Rita Andrew in 1985. In 2001, the 2. _____ decided to 3.______ their company so they could sell company stock on the 4.____ . Blue Ice raised $10 billion with its IPO. It was one of the biggest IPOs of 2001.

1. Competition, Corporation, Partnership, sole proprietorship
2. consumers, members, partners
3. dissolve, incorporate, nationalize, privatize
4. farmers market, internet, stock market

Answer 1

1) Partnership. Nick Selver and Rita Andrew began the company as a partnership.
2) partners: This word best describes the interest-holding people in a partnership
3) Incorporate: This word best describes converting the partnership to a corporation in order to democratize ownership of the company and sell stock publicly
4) Stock Market: This is the market in which shares of a public company are traded on the open market.