A _______corporation is a corporation owned by a small group of shareholders, often family members. Its shares cannot be publicly traded on the stock market, and often other restrictions on stock transfer apply.

A) public
B) publicly held
C) private
D) closely held

Closely Held

Describes a company or corporation that has a small group of shareholders, with shares that are not publicly traded on the stock market.

Publicly Traded

Refers to a company whose shares are bought and sold on the stock market, making its ownership and financial performance available to the public.

Shareholders

Individuals or entities that own one or more shares of stock in a corporation, giving them partial ownership and possibly a right to vote on corporate matters.