The corporations whose stock can be bought and sold on stock exchanges and in over-the-counter markets are referred to as
A)publicly owned corporations.
B)sole proprietorships.
C)closely held corporations.
D)privately owned corporations.

Question

Quizplus · Accepted Answer

Publicly owned corporations are those whose shares are available for trading on stock exchanges and over-the-counter markets. These companies issue stocks to the public and are owned by many shareholders. Sole proprietorships and closely held corporations are smaller companies owned by one or a few individuals, and privately owned corporations are not traded on public stock exchanges.

The Corporations Whose Stock Can Be Bought and Sold on Stock