In a ________, the voting stock is held by a small number of individuals and is very thinly or infrequently traded.
A) public corporation
B) private corporation
C) narrow corporation
D) cautious public corporation
E) closely held corporation

Question

Quizplus · Accepted Answer

A closely held corporation, also known as a private corporation, is a type of corporate structure in which the voting stock is held by a small number of individuals who are often family members or close associates. Because the stock is not traded publicly and is held by a small group, it is referred to as being "closely held."

In a ________, the Voting Stock Is Held by a Small