With respect to corporate entities,which of the following is synonymous with the term "closely held"?

Question

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Closely held is often used interchangeably with the term private corporation, which refers to a corporation that has a small number of shareholders who own the majority of the company's stock. These shareholders often have a say in the company's management and decision-making processes. In contrast, public corporations have numerous shareholders, and their shares are publicly traded on stock exchanges, meaning they are owned by a large number of individuals and institutions, and decisions are made by the board of directors. Both limited and unlimited liability corporations can be either closely held or publicly traded, so A) and B) are not accurate synonyms for closely held.

With Respect to Corporate Entities,which of the Following Is Synonymous