PRC-3 · Chapter 2 · Question 52 of 61
When a public limited company decides to list its shares on the national stock exchange, allowing them to be freely traded among the general public, it becomes known as a:
Test yourself: pick an answer
Reveal answer & explanation
Correct answer: A) Listed Company
Explanation
A listed company is a public limited company whose shares are officially quoted and actively traded on a recognized stock exchange.
More Ownership of Business MCQs
- Q54A group of independent local grocers forms an organization to jointly purchase inventory in bulk at a discount. They run the organization…
- Q55A charitable foundation collects donations to run a free clinic. Since it does not exist to make a profit for owners, it does not prepare…
- Q56While limited companies protect shareholders from business debts, this protection is not absolute. Under corporate law, if a company…
- Q57A prominent lawyer is invited to sit on the Board of Directors of a major automotive firm. She attends monthly meetings to review…
- Q58Which of the following organizations is explicitly established, owned, and operated by the government to provide essential services to the…