Assuming There Is No Agreement on the Issue,in Order to Transfer

question 65

Multiple Choice

Assuming there is no agreement on the issue,in order to transfer shares owned by a shareholder,the shareholder must obtain approval of:

• A) the board of directors,regardless of whether the transfer is made by sale or gift
• B) the board of directors if the transfer is by sale,no one if the transfer is to be made by gift
• C) the other shareholders,regardless of whether the transfer is made by sale or gift
• D) the other shareholders,but only if the shareholder is selling more than 50 percent of the outstanding shares
• E) neither the board of directors nor the other shareholders

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Definitions:

Square Footage

The measurement of area in square feet, often used to determine the size of a room, building, or piece of land.

Indirect Expense

Costs that are not directly linked to a specific product, service, or cost object and often relate to the general operation of a business.

Investment Turnover

A measure of a company's efficiency in using its assets to generate sales revenue, calculated by dividing sales by the average total assets.

Profit Margin

A financial metric that measures the percentage of revenue that exceeds the cost of goods sold, indicating the profitability of a company's sales.