A corporation that is owned by a few individuals who are typically associated with the firm's management is a __________ corporation.

Question

Quizplus · Accepted Answer

A closely held corporation is owned by a few individuals, typically those associated with the management of the firm. This is in contrast to a public corporation (B), which is owned by individuals who have purchased stock in the company through a public offering. A private corporation (A) is not a recognized legal term, but may refer to a company that is not publicly traded. Diversified (C) and listed (E) do not describe the ownership structure of a corporation.

A Corporation That Is Owned by a Few Individuals Who