Because it restricts the transferability of its stock, Generation Now is a _____ corporation.
A)limited
B)classified
C)public
D)private

Question

Quizplus · Accepted Answer

A corporation that restricts the transferability of its stock is called a private corporation. This means that shares cannot be freely bought or sold on a stock exchange and are typically held by a small group of investors or family members. Limited corporations are a type of corporation that limits the liability of shareholders, public corporations are those whose stocks are publicly traded on a stock exchange, and classified corporations is not a recognized term in corporate law. Therefore, the best choice is D.

Because It Restricts the Transferability of Its Stock, Generation Now