Definitions of Private And Public Companies - SS1 Economics Past Questions and Answers - page 1

1

What type of company is owned by a small group of individuals or a single person?

 

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A

Public Company

 

B

Private company

 

 

C

Both

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2

What type of company has shares that can be owned by the general public?

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A

Public company

 

B

Private company

C

Both

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3

Which type of company is required to disclose financial information to the public?

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A

Public company

 

 

B

Private company

C

Both

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4

What type of company often has a more personal and close-knit culture?

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A

Public company

 

 

B

Private company

C

Both

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5

Which type of company often has a larger and more diverse group of shareholders?

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A

Public company

 

 

B

Private company

C

Both

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6

What is a private company?

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7

What is a public company?

 

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