Examlex
Which of the following has the characteristics of a fixed contractual commitment?
Business Organization
The structure and form that a business takes to conduct operations, ranging from sole proprietorships to corporations.
Privately Held Corporation
A company whose ownership is private, meaning its stock is not traded on public stock exchanges and is held by a limited group of shareholders.
New York Stock Exchange
A marketplace where securities, including stocks and bonds, are bought and sold.
Closely Held
A business owned by a limited number of shareholders with no public market for its shares.
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