Which of the Following Would Not Be True of a Privately

question 136

Multiple Choice

Which of the following would not be true of a privately held corporation?

• A) It is sometimes called a closely held corporation.
• B) Its shares are regularly traded on the New York Stock Exchange.
• C) It does not offer its shares for sale to the general public.
• D) It is usually smaller than a publicly held company.

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Definitions:

Net 30

A payment term that indicates the full payment is due 30 days from the invoice date.

Wholesalers

Businesses that buy goods in bulk from manufacturers to resell them, typically to retailers, in smaller quantities.

Retail List Price

The price at which a product is sold to the public, suggested by the retailer.

Cash Discount

A reduction in price offered to a buyer for paying their invoice before a specified date.