A corporation whose shares are held by a small number of individuals is referred to as a:
A)Proprietorship
B)Publicly traded corporation
C)Small business corporation
D)Privately held corporation

Question

Quizplus · Accepted Answer

A privately held corporation is a corporation whose shares are held by a small number of individuals. Unlike publicly traded corporations, the shares of privately held corporations are not offered for sale to the general public on stock exchanges.

A Corporation Whose Shares Are Held by a Small Number