What is a corporation whose number of shareholders is limited and whose shares are not traded on a stock exchange?
A) public corporation
B) private corporation
C) limited corporation
D) general corporation

Question

Quizplus · Accepted Answer

A private corporation is a type of corporation whose number of shareholders is limited and whose shares are not traded on a stock exchange. This type of corporation has fewer regulatory requirements and is generally less transparent than a public corporation. Limited and general corporations are not widely recognized terms in the context of corporate structure.

What Is a Corporation Whose Number of Shareholders Is Limited