Which term refers to a business owned by one or more legal entities, including individuals, partnerships, or other corporations?

• A. Corporation
• B. Corporate Family
• C. CUI
• D. Counterintelligence

Answer: (A)

Ownership structure and what a corporation represents: A corporation is a legal entity created under corporate law that is owned by shareholders. Those shareholders can be individuals, partnerships, or other corporations, which fits the description of a business owned by one or more legal entities. The corporation itself is distinct from its owners, with its own rights and obligations. The other terms don’t describe a single business entity: Corporate Family refers to a group of related companies, while CUI and Counterintelligence relate to information handling and security concepts, not ownership of a business.