Identify Which of the Following Statements Is False

question 53

Multiple Choice

Identify which of the following statements is false.

• A)Askew Corporation has ten unrelated shareholders, each of whom owns 10% of the outstanding stock. This corporation is a personal holding company.
• B)Stock owned by an individual, in addition to stock attributed from her spouse, parents, children, and siblings, are all counted towards whether or not the personal holding company stock ownership test has been met.
• C)S corporations and tax-exempt organizations are excluded from the personal holding company (PHC)definition.
• D)A person who holds an option to acquire stock is considered to own the stock for purposes of the PHC stock requirements.

---

Definitions:

Shared

Shared, in the context of organizational behavior, refers to resources, responsibilities, or ideas that are collectively used, borne, or developed by a group of people.

Empowering Leadership

Empowering leadership refers to a style where leaders encourage, enable, and motivate employees to take initiative and make decisions in their roles.

Customer Feelings

The emotions and perceptions experienced by customers during or after interacting with a company's products or services.

Managerial Activities

Tasks or operations that involve planning, organizing, leading, and controlling within an organization.