A public corporation refers to a corporation ________
A) that is allowed to sell stock only to a limited number of investors
B) whose stock is sold to the general public
C) that is owned solely by the federal government
D) that is owned solely by the state/federal government
E) whose stock is not traded in stock exchanges or other markets
Answer: B
Explanation: A public corporation refers to a corporation whose stock is sold to the general public. It is also known as a publicly held or publicly traded corporation.
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