Large firms like 3M, Google, Oracle, and Microsoft, that trade on organized stock exchanges, are:
A) limited partnerships
B) limited liability companies
C) subchapter S corporations
D) C corporations
E) general partnerships

Question

Quizplus · Accepted Answer

Large firms like 3M, Google, Oracle, and Microsoft that trade on organized stock exchanges are classified as C corporations. This is because a C corporation is a legal structure that offers limited liability protection to its owners and shareholders while also being taxed as a separate entity. C corporations are the most common type of corporation, especially for companies that have multiple owners and trade on stock exchanges.

Large Firms Like 3M, Google, Oracle, and Microsoft, That Trade