On Nov 26, 2013, reported that the US supreme court had agreed to hear an appeal requested by Hobby Lobby. they are a corporation whose stock is NOT sold on a stock exchange and all stock is owned by members of the same family. Because Hobby Lobbys stock is not sold on the stock exchange it is know as a _____ corporation and the ownership of the stock by members of the same family place hobby lobby within the class of corporation known as ______
1) public
2) private
3) limited
4) partnership