A corporation whose stock can be purchased by anyone and is traded in stock markets is known as a(n)
A) sole proprietorship.
B) S-corporation.
C) closed corporation.
D) open corporation.
E) not-for-profit corporation.

Question

Quizplus · Accepted Answer

An open corporation, also known as a public corporation, is a company whose stocks are available for purchase by anyone and can be traded in stock markets. This type of corporation has no restrictions on who can own the company's stocks and can have an unlimited number of shareholders.

A Corporation Whose Stock Can Be Purchased by Anyone and Is