Which of the following examples describes a publicly held corporation?(1 point)

Question

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.

Answer 1

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.