The government of Calgoris, a country in Eastern Europe, has created a legal organization to carry out business activities on behalf of the government with the sole aim to make profits. Given this information, it can be said that the legal organization is a _____.

A) limited liability company
B) state-owned enterprise
C) private corporation
D) sole proprietorship company

State-Owned Enterprise

A business entity that is owned and operated by the government to provide goods or services to the public.

Limited Liability Company

A business structure in the United States that combines the pass-through taxation of a partnership or sole proprietorship with the limited liability of a corporation.

Private Corporation

An entity owned by private individuals or entities, not publicly traded, and not owned or operated by the government.