Question

1. True or False? When a company is formed, its owner(s) decide whether it will be privately held or publicly

traded. The company remains in that category for the rest of its lifespan.
a. True
b. False

Answer 1

False
Because the company when it is formed it must be held privately and gives services to public

Answer 2

false

Explanation:

when a company is formed it's privately held because they don't have a big enough workforce and not a lot of employees. during the lifespan it'll get bigger and therefore may change to be publicly held