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

Question

Responses

Public corporations may issue stock.
Public corporations may issue stock.

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

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

Shares of public corporations are traded on stock exchanges.

Answer 1

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

Shares of public corporations are traded on stock exchanges.

Public corporations can sell shares to the general public and these shares are listed on stock exchanges, whereas shares of privately held corporations are not available on public stock exchanges.