Definitions of Private And Public Companies - SS1 Economics Past Questions and Answers - page 1
What type of company is owned by a small group of individuals or a single person?
Public Company
Private company
Both
What type of company has shares that can be owned by the general public?
Public company
Private company
Both
Which type of company is required to disclose financial information to the public?
Public company
Private company
Both
What type of company often has a more personal and close-knit culture?
Public company
Private company
Both
Which type of company often has a larger and more diverse group of shareholders?
Public company
Private company
Both
What is a private company?
Private Company: A private company is a business that is privately owned, usually by a small group of individuals or a single person.
What is a public company?
Public Company: A public company is a business that has issued shares of stock to the public, which can be bought and sold on the stock exchange.