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 Toronto 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.

Question

Quizplus · Accepted Answer

A privately held corporation does not have its shares traded on public stock exchanges like the Toronto Stock Exchange; this is characteristic of publicly held corporations.

Which of the Following Would Not Be True of a Privately