Question: 1. Corporations typically do not first raise capital by issuing stock to the general public. What are the common stages of equity financing leading to an initial public offering (IPO)?
2. What is the difference between a public and a private corporation? Provide an example of each.
3. What are the four basic ownership rights of common stockholders?
4. Which form of business organization is most common? Which form of business organization is larger in terms of total sales, total assets, earnings, and number of employees?