In a/an ____, corporate stock is owned privately by a few individuals and is not traded publicly on a securities exchange.
A)partnership
B)sole proprietorship
C)closely held corporation
D)open corporation
E)limited partnership

Question

Quizplus · Accepted Answer

A closely held corporation is characterized by its stock being owned by a relatively small number of shareholders and not being available for public trading. This contrasts with an open corporation, where the stock is available for public purchase and trading on the stock market. Partnerships and sole proprietorships do not issue stock, and a limited partnership is a specific type of partnership with both general and limited partners, not a corporation.

In A/an ____, Corporate Stock Is Owned Privately by a Few