When a firm has not sold shares on the public stock market, it is known as
A) closely held.
B) privately held.
C) publicly traded.
D) a small cap stock.

Name: When a firm has not sold shares on the public stock market, it is known as A) closely held. B) privately held. C) publicly traded. D) a small cap stock.
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Question

Quizplus · Accepted Answer

A privately held firm means that the ownership of the company is held by a small group of individuals or entities, and the shares are not available for purchase on public stock exchanges.

When a Firm Has Not Sold Shares on the Public