Question

what type of corporation may be owned by just a few people and does not offer its shares for sale to the general public?
○ limited
○ “c” corporation
○ franchise
○ private

Explanation:

A private corporation (also known as a closely - held corporation) is typically owned by a small number of people (such as family members or a small group of investors) and does not offer its shares for sale to the general public. A limited corporation is a broader term and can include public limited companies that do offer shares publicly. A "C" corporation can be a publicly - traded corporation that offers shares to the public. A franchise is a business model where a business (the franchisor) allows another party (the franchisee) to operate using its brand, products, etc., and is not a type of corporation ownership structure in the context of share offering to the public.

Answer:

D. private