Asked by Ashley Hammerscchmidt on May 09, 2024
Verified
A company whose shares are not bought or sold in public markets
A) Articles of incorporation
B) Limited liability
C) Bylaws
D) Corporation
E) Public corporation
F) Board of directors
G) Private corporation
H) Dividends
Private Corporation
A corporation owned by a small group of people and its shares are not traded publicly but are held privately.
Public Markets
Public markets are venues where securities, commodities, and other financial instruments are traded between investors openly and regulated by financial authorities.
Shares
Units of ownership interest in a corporation or financial asset that provide for an equal distribution in any profits, if any are declared, in the form of dividends.
- Differentiate between private and public corporations and their characteristics.
Verified Answer
HP
Helen PeaceMay 12, 2024
Final Answer :
G
Explanation :
A private corporation is a company whose shares are not bought or sold in public markets, distinguishing it from a public corporation whose shares are publicly traded.
Learning Objectives
- Differentiate between private and public corporations and their characteristics.