A corporation whose stock can be purchased by anyone and is traded in stock markets is known as a(n)
A) sole trader.
B) S-corporation.
C) closed corporation.
D) open corporation.
E) not-for-profit corporation.

Question

Quizplus · Accepted Answer

An open corporation is one whose shares can be freely bought and sold by the general public in stock markets. Sole traders are businesses owned by one person, S-corporations are a specific type of corporation with special tax treatment, closed corporations are not publicly traded, and not-for-profit corporations have different objectives than for-profit corporations.

A Corporation Whose Stock Can Be Purchased by Anyone and Is