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Match the Characteristic of the Company with the Description of the Type

Question 134

Matching

Match the characteristic of the company with the description of the type of company.

Premises:
Shares of stock must be purchased directly from current owners.
Owners are personally liable for the debts of the company.
Issues shares of stock that are traded on a stock exchange such as the TSX.
Can raise more financial capital by selling stock to the greatest number of investors.
Responses:
Privately traded corporation.
Publicly traded corporation.
Partnership.

Correct Answer:

Shares of stock must be purchased directly from current owners.
Owners are personally liable for the debts of the company.
Issues shares of stock that are traded on a stock exchange such as the TSX.
Can raise more financial capital by selling stock to the greatest number of investors.
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