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

Question

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 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 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.

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."

Publicly held corporations are those whose shares are available for purchase by the general public on a stock exchange.