Upon the Death of the Majority Stockholder in a Corporation

question 115

Multiple Choice

Upon the death of the majority stockholder in a corporation, direct control may pass to

• A) an heir's dependents.
• B) an executor.
• C) the founder of the firm.
• D) employees as directed by an employee stock ownership plan.

---

Definitions:

Hourly Rate

The amount of money paid for each hour of work.

Incentive Fee Contract

A contract type that provides additional compensation to the contractor for exceeding performance targets.

Cost Reimbursable Contract

A contract where the buyer reimburses the contractor for all legitimate costs incurred plus an additional fee for profit.

Fixed Fee

A fixed fee is a pricing structure where a single set price is agreed upon for a service or project, regardless of the time or resources used.