The type of company that has the right to raise money from the general public is a:
A) public company.
B) private company.
C) proprietary company.
D) all of the above.

Question

Quizplus · Accepted Answer

Public companies have the right to raise funds from the general public by selling shares of stocks on the stock exchange. Private companies are usually owned by a small group of individuals and do not offer shares to the public. Proprietary companies are a type of private company in Australia, and they also do not offer shares to the public. Therefore, the only choice that fits the description is A.

The Type of Company That Has the Right to Raise