Jacob Is a Minority Shareholder in a Closely Held Corporation

question 24

Multiple Choice

Jacob is a minority shareholder in a closely held corporation.Recently he was dismissed from his marketing management position,and now the board of directors is stopping him from transferring his stock to a cousin.He has

• A)lost his rights as a minority stock holder.
• B)been locked in.
• C)been locked in and frozen out.
• D)legal claims against the board of directors.
• E)been frozen out.

---

Definitions:

Economic Organization

The arrangement and coordination of activities and resources within a society or among entities to achieve economic objectives.

Division Of Labor

The allocation of different tasks and responsibilities to different individuals or groups, often increasing efficiency in production or services.

Durkheim

A founding figure in sociology, Emile Durkheim's work focused on social cohesion, the functions of social institutions, and the concept of anomie.

Macro-Level

Pertaining to large-scale social processes, structures, and systems that shape societies and their institutions.