Asked by i love chips on Jun 15, 2024
Verified
The two ways that a corporation can be classified by ownership are
A) publicly held and privately held.
B) shares and non-shares.
C) federal and provincial.
D) majority and minority.
Publicly Held
Refers to companies whose shares of stock are traded on public stock exchanges, allowing for public ownership and investment.
Ownership
The legal right or interest that an individual or entity has in an asset or property.
- Learn the attributes and rights attached to corporate ownership, including liability concerns, the flexibility of sharing transfers, and the consequences of share trades.
Verified Answer
JB
JAMECIA BATISTEJun 18, 2024
Final Answer :
A
Explanation :
Corporations can be classified by ownership as either publicly held, meaning their shares are available for public trading on stock exchanges, or privately held, where shares are not available to the public and are held by a limited number of investors.
Learning Objectives
- Learn the attributes and rights attached to corporate ownership, including liability concerns, the flexibility of sharing transfers, and the consequences of share trades.