Step 1: Understand the question
The question asks: “Which one is listed in the first place among the largest global corporations in 2005 by the Fortune magazine?” We are required to identify the company that ranked at the very top of Fortune’s Global 500 list for that year.
Step 2: About Fortune Global 500 ranking
Fortune magazine publishes an annual list of the world’s largest corporations, known as the Fortune Global 500. The ranking is based on companies’ total revenues, not profits. In 2005, the corporation that earned the highest revenues globally was General Motors (GM), an American automobile manufacturer headquartered in Detroit, USA.
Step 3: Why General Motors was first in 2005
At that time, General Motors was still the world’s largest carmaker, with revenues surpassing other global giants like Exxon Mobil, Wal-Mart, and Ford. Although GM later faced severe financial crises and even bankruptcy in 2009, in 2005 its revenues were strong enough to place it at the very top of the list.
Step 4: Final justification
Thus, according to the Fortune Global 500 list of 2005, General Motors was ranked number one among the largest global corporations, ahead of all other competitors.
Final Answer: The correct option is (C) General Motors.