Which of the following would not be true of a privately held corporation?
A) It is sometimes called a closely held corporation.
B) Its shares are regularly traded on the New York Stock Exchange.
C) It does not offer its shares for sale to the general public.
D) It is usually smaller than a publicly held company.

Question

Quizplus · Accepted Answer

A privately held corporation does not offer its shares for sale to the general public, so its shares would not be regularly traded on a public exchange like the New York Stock Exchange.

Which of the Following Would Not Be True of a Privately