The definition of public firm versus private firm is consistent across all parts of the world.

Question

Quizplus · Accepted Answer

The definition of public and private firms can vary from country to country, depending on their legal and regulatory frameworks. In some countries, a company that is listed on a stock exchange may be considered a public firm, while in others, it may be necessary for the company to have a certain number of shareholders or meet other criteria. Additionally, some countries may have different rules for what constitutes a private firm, such as requiring the company to be owned and managed by a single individual or family.

The Definition of Public Firm Versus Private Firm Is Consistent