A Proprietary Company Must Have at Least One Shareholder and Cannot

question 16

Multiple Choice

A proprietary company must have at least one shareholder and cannot have more than:

• A) 100 shareholders.
• B) 50 shareholders.
• C) 20 shareholders.
• D) 500 shareholders.

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Definitions:

Gland

An organ in the human or animal body that secretes particular chemical substances for use in the body or for discharge into the surroundings.

Growth Hormone

A hormone that stimulates growth, cell reproduction, and cell regeneration in humans and other animals. It is crucial for human development.

Acromegaly

A hormonal disorder that results from the excess growth hormone, leading to enlarged bones in hands, feet, and face.

Adrenalectomy

A surgical procedure to remove one or both adrenal glands, which are located above the kidneys.