incat corp. is a multi-million dollar organization that manufactures and sells computers. the company is owned by its stockholders, who have a share in the company, but are not involved in its management. these stockholders have elected a board of directors who make corporate decisions and are responsible for the management team's performance. incat corp. best illustrates a .

Since the company is owned by stockholders who have shares and elect board of directors to make management decisions, it best illustrates a public company.

An organization whose shareholders are entitled to a share of the firm's assets and revenues is referred to as a public company, also known as a publicly traded company. Ownership of a public company is divided among the public shareholders through the free exchange of shares on stock exchanges or over-the-counter (OTC) marketplaces. In comparison to private companies, public companies have a few advantages. Specifically, public companies can access the stock markets and obtain funds by selling shares or bonds for development and other projects. A stock is a kind of security which denotes ownership of a portion of a company.

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