Shares of Burger House stock cannot be purchased on any stock exchange or by just any individual. This means that Burger House is a(n)
A)alien corporation.
B)partnership.
C)open corporation.
D)family corporation.
E)closed corporation.

Question

Quizplus · Accepted Answer

A closed corporation is a company whose shares are not publicly traded on stock exchanges and are owned by a limited number of individuals or entities. Burger House's shares cannot be purchased on any stock exchange or by just any individual, indicating that it is a closed corporation.

Shares of Burger House Stock Cannot Be Purchased on Any