Question

Grainger Company is a major automotive parts manufacturer operating in six countries. It has no restrictions on stock sales and the stock is available to the general public. Grainger Company is a _____ corporation.

Answer 1

The correct word for the blank space is: public.

Step-by-step explanation:

A public corporation has sold stock through an Initial Public Offering (IPO) to the public and that stock is currently traded on a public stock exchange or the Over-The-Counter (OTC) market. The ability to sell public shares is very important to these businesses as it provides them with a source of capital for investment.