In a ________ corporation, the voting stock is held by a small number of individuals and is very thinly or infrequently traded.
A) public
B) private
C) narrow
D) cautious public
E) closely-held

Question

Quizplus · Accepted Answer

The term "closely-held" is often used to describe a corporation in which the voting stock is held by a small number of individuals and is not traded frequently on the open market. This type of corporation is also sometimes referred to as a "close corporation." Therefore, option E is the correct answer. The term "narrow" is not commonly used to describe this type of corporation, while options A and D refer to public corporations, which are more widely held and traded. Private corporations may also have a small number of shareholders, but the term "closely-held" is a more specific descriptor for this type of ownership structure.

In a ________ Corporation, the Voting Stock Is Held by a Small