A corporation whose stock is owned by relatively few people and is not traded openly in stock markets is called a(n) ____________ corporation.
A)private
B)public
C)equity
D)debt
E)preferred

Question

Quizplus · Accepted Answer

A private corporation is owned by a small number of people and is not traded on public stock markets. Public corporations, on the other hand, have shares that are available for purchase by the general public through stock exchanges. Equity, debt, and preferred are types of securities that companies can issue to raise funds, and do not refer to the ownership or trading status of a corporation.

A Corporation Whose Stock Is Owned by Relatively Few People