Answer: Shares are listed on a stock exchange

The correct answer is **B** because the distinction between public and private corporations typically hinges on whether the company's equity is listed on a stock exchange. While government involvement may sometimes be associated with the term 'public,' in the context of corporations, 'public' refers to listed shares. Private companies, on the other hand, lack such listings, making ownership transfers more cumbersome due to the absence of a public market for their shares.

Author: LeetQuiz Editorial Team