Anyone with the money can purchase shares of PepsiCo's stock.This makes PepsiCo a(n)____ corporation.
A) closed
B) open
C) domestic
D) foreign
E) alien

Question

Quizplus · Accepted Answer

An open corporation is a company whose shares are available for purchase by anyone on the open market, regardless of their relationship to the company or their level of wealth. This is in contrast to a closed corporation, which restricts ownership to a select group of individuals or insiders. PepsiCo is an example of an open corporation, as anyone with the money to purchase shares can become a shareholder.

Anyone with the Money Can Purchase Shares of PepsiCo's Stock