If a state-owned firm is sold through the stock market, the organization becomes?

A. partnership
B. private company
C. public limited company
D. public corporation

Correct Answer: Option C

C. public limited company

Explanation

A state-owned enterprise (SOE) is a business enterprise where the government or state has significant control through full, majority, or significant minority ownership. Defining characteristics of SOEs are their distinct legal form and operation in commercial affairs and activities. When state-owned stocks are traded in the stock exchange, they become a public limited company.