Question: Corporations can be classified in different ways. For example, they may be classified by purpose (e.g., profit or not-for-profit) or by ownership (e.g., public or

Corporations can be classified in different ways. For example, they may be classified by purpose (e.g., profit or not-for-profit) or by ownership (e.g., public or private). Explain the difference between each of these types of classifications.

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