The corporations whose stock can be bought and sold on stock exchanges and in over-the-counter markets are referred to as
A) privately owned corporations.
B) closely held corporations.
C) publicly owned corporations.
D) sole proprietorships.

Question

Quizplus · Accepted Answer

Publicly owned corporations are the only ones whose stock can be bought and sold on stock exchanges and in over-the-counter markets. Privately owned corporations and closely held corporations are not available for public investment. Sole proprietorships do not have corporate stock.

The Corporations Whose Stock Can Be Bought and Sold on Stock