Public limited liability companies are owned by _______?

A. The federal government
B. Private and individual organizations
C. The state government
D. The federal and state governments

Correct Answer:

Option B – Private and individual organizations

Explanation

public limited company; A company whose securities are traded on a stock exchange and can be bought and sold by anyone. Public companies are strictly regulated, and are required by law to publish their complete and true financial position so that investors can determine the true worth of its stock (shares). They are owned by shareholders (private individuals / organization)