A corporation whose stock is traded on a stock exchange is called a(n)
A)private corporation
B)open corporation
C)domestic corporation
D)closed corporation

Question

Quizplus · Accepted Answer

An open corporation is also known as a publicly traded corporation, meaning its stock is available for anyone to purchase on a stock exchange. This distinguishes it from a closed corporation, where the stock is not publicly traded and only a select few individuals own shares. Private and domestic do not necessarily refer to the type of corporation's ownership structure.

A Corporation Whose Stock Is Traded on a Stock Exchange