A closely held corporation publicly trades its shares of stock on a major auction market.

Name: A closely held corporation publicly trades its shares of stock on a major auction market.
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Question

Quizplus · Accepted Answer

A closely held corporation, by definition, does not publicly trade its shares on a major auction market; instead, its shares are owned by a relatively small number of shareholders, often including insiders such as family members, relatives, friends, and employees.

A Closely Held Corporation Publicly Trades Its Shares of Stock