1. A business whose stock is traded on at least one national securities exchange is called:

(a) limited liability company;

(b) closely held corporation;

(c) publicly held corporation;

(d) multinational corporation.

2. The type of business that is organized and operated like a corporation but is taxed like a partnership is a:

(a) Subchapter C corporation;

(b) Subchapter S corporation;

(c) a cooperative;

(d) a joint venture.