Question

VULSIIVINI Noah's company is privately owned. His company: a. does not offer shares of the company to the public. b. can sell stock on the NYSE. c. can sell stock on Nasdaq. d. cannot accept funding from foreign investors.

Please Answer This as soon as possible! its due in 15-20 minutes

Answer 1

Q: Noah's company is privately owned. His company

Answer : does not offer shares of the company to public.

For a private company, they can sell stocks and also they can have share holders. But their shares cannot be offered to public or trade on public exchanges. The cost of initial public offering is very high and because of this the companies opts to stay as private company itself.

Q: The body of laws resulting from laws passed by legislature is

Answer : Statutory law

Statutory laws are the body of laws resulting from the laws passed by a legislature. It is also known as a Statute. It is written law which is passed by the legislature. A statutory law has to follow the legislation process. First of all the bill must be presented in the legislature and voting must be done. If the bill is approved by majority, it will be passed to the next level,executive branch. The bill becomes a law when the executive branch sign the bill.