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

1

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

 

A

Public Company

 

B

Private company

 

 

C

Both

CORRECT OPTION: b
2

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

A

Public company

 

B

Private company

C

Both

CORRECT OPTION: a
3

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

A

Public company

 

 

B

Private company

C

Both

CORRECT OPTION: a
4

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

A

Public company

 

 

B

Private company

C

Both

CORRECT OPTION: b
5

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

A

Public company

 

 

B

Private company

C

Both

CORRECT OPTION: a
6

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. 

7

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. 

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