Which of the Following Is Not a Distinguishing Feature of Closely

question 53

Multiple Choice

Which of the following is not a distinguishing feature of closely held corporations?

• A) The right to transfer shares must be restricted in some manner.
• B) Any invitation to the public to buy shares is prohibited.
• C) The number of share holders is restricted.
• D) The directors of the company are prohibited from holding more than 60% of the outstanding shares.
• E) The number of required share holders can be as small as one.

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Definitions:

Consistently Linked

Being consistently linked refers to the repeated and dependable association between two or more factors or phenomena across various studies or analyses.

Bias in Employment

Refers to unfair and prejudiced treatment of individuals during hiring, promotion, or daily job activities based on characteristics such as race, gender, age, or sexual orientation.

Racial or Ethnic Differences

Variations in experiences, behaviors, health outcomes, and modes of social interaction that are influenced by race or ethnicity.

Risks

Potentials for loss, harm, or unwanted outcomes associated with certain actions or decisions.