Which of the following terms refers to the process of converting an exchange that is a not-for-profit organization and is owned by its members, to a stock ownership organization?

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Demutualization refers to the process of converting an exchange that is a not-for-profit organization and is owned by its members, to a stock ownership organization. Privatization refers to the process of transferring ownership of a government-owned or controlled entity to private hands. Diversification refers to expanding a company's product or service offerings into new areas. Consolidation refers to the merging of multiple companies into a larger entity. Flotation refers to the process of making a company's shares available for purchase on a public exchange.

Which of the Following Terms Refers to the Process of Converting