Question

In contrast to a private company, a public company can have a ______ number of shareholders and can raise capital through public offerings.

Options

• less

• more

• minimum

Answer 1

In contrast to a private company, a public company can have a more number of shareholders and can raise capital through public offerings.

Explanation:

A public corporation, as opposed to a private one, is permitted to have more shareholders and:

• Encourage the public to purchase its debentures or shares, and
• Use public offerings to raise a significant quantity of money.