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DSST Business Law II Exam Prep

Category - DSST Business Law II

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A privately held company is also referred to as:
  1. A close corporation
  2. An unquoted company
  3. An unlisted company
  4. All of the above
  5. None of the above
Explanation
Answer: D. A privately held company is also referred to as a close corporation, an unquoted company, and an unlisted company. The shares of a privately held company are not traded on public exchanges and are not issued through an initial public offering. They are also not subject to the strict filing requirements of the Securities and Exchange Commission.
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