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Question
Which of the following examples describes a publicly held corporation?(1 point)
Responses
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.
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.
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 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 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.
1 answer
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.
Publicly held corporations are those where shares are sold to the general public and can be traded on a stock exchange.
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