Question

A publicly owned corporation is a company whose shares are held by the investing public, which may include other corporations as well as institutional investors. Group of answer choices True False

Answer 1

Answer:

True

Explanation:

A publicly owned corporation is a company is a company owned by shareholders. This type of company's shares is freely traded on a stock exchange

Characteristics of A publicly owned corporation

• Limited liability. the liability of owners are limited to the amount invested
• Central management. The company is manged by board of directors and managers and not the shareholders
• the company is a legal entity.