Which of the following examples describes a publicly held corporation?(1 point)
A local jewelry store is owned by its founders who hold but do not sell shares in the company.
A local gaming cafe is owned and operated by the same group of friends that founded it years ago. Nobody holds stock in the gaming cafe.
my answer⇒A small restaurant chain, founded and operated by a single family, is owned by shareholders who purchase their shares on the stock exchange.
A nation-wide fast-food chain is owned and operated by the same family that founded it. Nobody holds stock in the fast-food chain.
1. owners have limited liability for debt
2. a small restaurant chain, founded and operated by a single family, is owned by shareholders who purchase their shares on the stock exchange.
3. new york stock exchange.
4: the regulations will be more burdensome than in other business structures.
5. stocks are units of ownership in a corporation, while bonds are certificates of debt.
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Based on the examples provided, none of them exactly describe a publicly held corporation. However, I can explain what a publicly held corporation is and how to identify one.
A publicly held corporation is a type of business organization that has issued shares of stock to the public. This means that the ownership of the company is divided among numerous shareholders who have purchased the company's stock on a stock exchange.
To identify a publicly held corporation, you would typically look for the presence of publicly traded stock and shareholders who have purchased shares on a stock exchange. These shares can be bought and sold by the general public. In the case of the examples given, none of them mention publicly traded stock or shareholders owning shares purchased on a stock exchange. Therefore, these examples do not describe a publicly held corporation.