According to SEC Rules, a Company That Has Fewer Than

question 49

Multiple Choice

According to SEC rules, a company that has fewer than 500 shareholders and does not allow its securities to be openly traded is called a:

• A) private company
• B) publicly traded company
• C) publicly held company
• D) private enterprise
• E) semi-private company

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Definitions:

Increasing Frequency

Refers to events or actions happening at a greater rate or more often over a specified period.

Synchronous Communication

Communication that happens in real-time, with all parties participating simultaneously, such as in a live meeting or phone call.

Computer-scanned Image

An image created by converting a physical document or picture into digital form using a scanner.

Legal

Pertaining to laws or the practice of law; concerned with the system of rules that a particular country or community recognizes.