What is a widely-held corporation?

Awidely-held corporationis a company whose shares arepublicly traded on a stock exchangeand areavailable for purchase by the general public.

Step-by-Step Explanation:

Definition of a Widely-Held Corporation:

A corporation withmany shareholders.

Shares arepublicly traded on stock exchanges(e.g., TSX, NYSE).

Characteristics:

Subject tosecurities regulationsto protect investors.

More transparency requiredin financial reporting.

Why Option B Is Correct:

Key feature: Shares can bebought and sold on a designated exchange.

Why Other Options Are Incorrect:

A (Many shareholders)– Not all large companies are publicly traded.

C (Shares not available to public)– Describes aprivately-held corporation.

D (Few shareholders)– Applies toclosely-held corporations.