What happens when a privately owned company goes public? A) The compa

QUESTION

What happens when a privately owned company goes public?

A) The company now operates in several countries.
B) Most of its stock is now owned by another corporation.
C) It becomes an approved monopoly providing basic public services.
D) Its shares can now be easily bought and sold by investors.
E) Its shares can now be bought and sold only by a small group of investors.

ANSWER

Answer: D
Explanation: D) A public company is one that widely offers its shares for buying and selling.