Under SEC Rules, a "Publicly Held Company" Is a Company

question 151

Multiple Choice

Under SEC rules, a "publicly held company" is a company:

• A) with all its securities held by public, not private, investors
• B) that only sells its securities to public, as opposed to private, investors
• C) owned by the New York Stock Exchange
• D) with financial assets belonging only to public institutions
• E) none of the other choices

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Definitions:

Tax Rate

The portion of financial income that lawmakers decree as taxable for corporations or individuals.

Dividends Paid

The portion of a company's earnings distributed to shareholders, typically expressed as a dollar amount per share.

Fixed Assets

Long-term tangible assets held for business use and not expected to be converted to cash in the upcoming fiscal year.

Sales Capacity

The maximum volume or number of units a company can sell under current resources and market conditions.