The two ways that a corporation can be classified by ownership are
A) publicly held and privately held.
B) stock and non-stock.
C) inside and outside.
D) majority and minority.

Question

Quizplus · Accepted Answer

Corporations can either be publicly held, which means that their shares are open to the public to be purchased on a stock exchange, or privately held, which means that their shares are not traded on a public stock exchange and are instead owned by a smaller group of individuals or organizations.

The Two Ways That a Corporation Can Be Classified by Ownership