Which of the following is a primary difference between a privately held corporation and a public corporation?(1 point)

Question

Responses

Privately held corporations may issue stock.
Privately held corporations may issue stock.

Shares of privately held corporations are traded on stock exchanges.
Shares of privately held corporations are traded on stock exchanges.

Shares of public corporations are traded on stock exchanges.
Shares of public corporations are traded on stock exchanges.

Public corporations may issue stock.

Answer 1

The primary difference between a privately held corporation and a public corporation is that:

Shares of public corporations are traded on stock exchanges.

Public corporations offer their shares to the general public through stock exchanges, while private corporations do not and typically have a more limited number of shareholders.