Question

Apple is offering share of their company for only $ 20 dollars. Anyone who buys a share becomes a part owner of apple. Based off of this knowledge, what type of business organization is this. Explain why

Answer 1

A. Publci Corporation

Step-by-step explanation:

A corporation is recognized by law as an entity separate from its owner. It is one of the business ownership structures. The shareholders are the owners of a corporation. A public corporation is permitted by the exchange authority to trade its shares in the securities exchange market.

When a public corporation wants to raise more capital, it issues new shares to the general public. They are no restrictions as to who can buy what shares. Apple must be a public corporation as its shares are being traded without hesitation.