Inkglot Technologies, a Medium-Sized Corporation, Is Allowed to Have Only

question 34

Multiple Choice

Inkglot Technologies, a medium-sized corporation, is allowed to have only 35 stockholders at any point of time. However, all stockholders of the company can actively participate in the management of the company while still maintaining limited liability. Given this information, Inkglot Technologies is most likely a(n) :

• A) S corporation.
• B) C corporation.
• C) not-for-profit corporation.
• D) statutory close corporation.

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Definitions:

Personal Hygiene

The practice of maintaining cleanliness and grooming of the body to preserve health and well-being.

Resiliency

The ability to recover quickly from difficulties; emotional strength.

Schizophrenia

A chronic brain disorder characterized by delusions, hallucinations, disorganized speech, and impaired cognitive function.