All of the following are often true of privately held firms except for
A) Financial data is often inaccurate and out of date
B) Internal controls are ineffective
C) Have limited access to capital markets and product distribution channels
D) Are more easily valued than public companies
E) Have limited ability to influence customers, suppliers, unions, and regulators

Question

Quizplus · Accepted Answer

Privately held firms are not required to disclose their financial information to the public, making it difficult to value them accurately. Therefore, option D is incorrect. Options A, B, C, and E are often true of privately held firms due to their lack of resources and access to capital markets.

All of the Following Are Often True of Privately Held