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 corporation whose shares are held by a small number of individuals is called a privately held corporation. In contrast, a publicly traded corporation is one whose shares are available for purchase by anyone on a stock exchange. A proprietorship is a business owned and operated by one individual, while a small business corporation is a type of corporation that has met certain requirements for size and ownership.

A Corporation Whose Shares Are Held by a Small Number