When one person, or a very few persons, own all the shares of stock in a corporation, it is considered a _____ organization.
A) publicly held
B) narrowly held
C) closely held
D) tightly held
E) minority held

Question

Quizplus · Accepted Answer

Unlike the situation with a large, publicly held corporation, one shareholder (or at least a small group of shareholders) may be able to control a closely held corporation. This can result because this individual (or the group) can own an actual majority of the issued shares.

When One Person, or a Very Few Persons, Own All