pirate shipping took off and its shares began to be traded publicly. when prices of pirate shipping fell…

pirate shipping took off and its shares began to be traded publicly. when prices of pirate shipping fell, the board voted the ceo out. what type of business organization is pirate shipping? partnerships sole - proprietorships corporations

pirate shipping took off and its shares began to be traded publicly. when prices of pirate shipping fell, the board voted the ceo out. what type of business organization is pirate shipping? partnerships sole - proprietorships corporations

Answer

Brief Explanations:

In a corporation, shares are publicly - traded and the board of directors has the power to vote out a CEO. Partnerships are owned by two or more partners and sole - proprietorships are owned by a single individual and do not have publicly - traded shares or a board that can vote out a CEO.

Answer:

C. Corporations