Nortons, Inc.is a hardware store that is owned by members of the Norton family as well as a few close friends of the family.This company is a(n)
A) sole trader.
B) partnership.
C) open corporation.
D) closed corporation.
E) public corporation.

Question

Quizplus · Accepted Answer

Nortons, Inc. is a closed corporation because it is owned by members of the Norton family and a few close friends, indicating that it is not publicly traded and has a limited number of shareholders.