BlackRock Training Practice Exam

Ownership structure describes who controls the business and runs its daily operations. “Not family owned and operated” means the company is controlled by a corporate entity or external investors rather than by a family that owns and manages the stores. Many regional coffee-bar chains are run by a parent company or investment group with professional management, so this description often fits those kinds of businesses. The other options describe a publicly traded company, a nonprofit, or a family-run operation—labels that don’t typically apply to such chains in practice, making the non–family-owned description the best match in this context.