Which of the Following Would Not Be True of a Privately

question 89

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:

Proprietary Parts

Custom-made components for products or machines that are designed to be replaceable only with specific parts made by the same manufacturer, often to maintain control over repairs and replacements.

Trade Secrets

Legal and business concept protecting confidential business information which provides a competitive edge.

Interchangeable Parts

Components that are made to such precise standards that they can fit into any assembly of the same type, improving efficiency and repair.

Manufacturing

The process of converting raw materials, components, or parts into finished goods that meet a customer's expectations or specifications.