A private corporation is one that
A) is owned by only a few people and not traded in public markets.
B) does not pay taxes on its income.
C) does not hire employees.
D) can be purchased on the New York Stock Exchange.
E) does business outside the nation in which it is incorporated.

Question

Quizplus · Accepted Answer

A private corporation is owned by one person or a few people who are closely involved in managing the business and own all of the corporation's stock;none of the firm's stock is traded in public markets.

A Private Corporation Is One That