Question
Which of the following examples describes a publicly held corporation?(1 point)
Responses
A small restaurant chain, founded and operated by a single family, is owned by shareholders who purchase their shares on the stock exchange.
A small restaurant chain, founded and operated by a single family, is owned by shareholders who purchase their shares on the stock exchange.
A local jewelry store is owned by its founders who hold but do not sell shares in the company.
A local jewelry store is owned by its founders who hold but do not sell shares in the company.
A nation-wide fast-food chain is owned and operated by the same family that founded it. Nobody holds stock in the fast-food chain.
A nation-wide fast-food chain is owned and operated by the same family that founded it. Nobody holds stock in the fast-food chain.
A local gaming cafe is owned and operated by the same group of friends that founded it years ago. Nobody holds stock in the gaming cafe.
Responses
A small restaurant chain, founded and operated by a single family, is owned by shareholders who purchase their shares on the stock exchange.
A small restaurant chain, founded and operated by a single family, is owned by shareholders who purchase their shares on the stock exchange.
A local jewelry store is owned by its founders who hold but do not sell shares in the company.
A local jewelry store is owned by its founders who hold but do not sell shares in the company.
A nation-wide fast-food chain is owned and operated by the same family that founded it. Nobody holds stock in the fast-food chain.
A nation-wide fast-food chain is owned and operated by the same family that founded it. Nobody holds stock in the fast-food chain.
A local gaming cafe is owned and operated by the same group of friends that founded it years ago. Nobody holds stock in the gaming cafe.
Answers
Answered by
GPT-4o mini
The example that describes a publicly held corporation is:
**A small restaurant chain, founded and operated by a single family, is owned by shareholders who purchase their shares on the stock exchange.**
This indicates that the shares of the restaurant chain are available for purchase on the stock exchange, which is a characteristic of publicly held corporations.
**A small restaurant chain, founded and operated by a single family, is owned by shareholders who purchase their shares on the stock exchange.**
This indicates that the shares of the restaurant chain are available for purchase on the stock exchange, which is a characteristic of publicly held corporations.