Question

The corporations whose stock can be bought and sold on stock exchanges and in over-the-counter markets are referred to as_________

Answer 1

Answer:

Public corporations is the correct answer .

Explanation:

The corporation whose stock can be bought and sold on stock exchanges and in over the counter markets are referred to as public corporations.

A Public corporation is one who sell its share to general public .  Public corporation issues prospectus to invite the public to issue its share. Public corporations stocks are traded on stock exchanges.  A public corporation only allot its share when it receive minimum subscription money.

Public corporation can only start its business after receiving the certificate of commencement .

The public corporation can only issue shares in dematerialised form .