Founders' Shares Are a Type of Classified Stock Where the Shares

question 5

True/False

Founders' shares are a type of classified stock where the shares are owned by the firm's founders, and they generally have more votes per share than the other classes of common stock.

---

Definitions:

Protostomes

A group of animals within the animal kingdom that develop the mouth before the anus during embryonic development, as part of the blastopore’s fate.

Spiral Cleavage

A type of early embryonic development found in some invertebrates, where cells divide at oblique angles to each other.

Deuterostomes

Deuterostomes are a major group of animals characterized by their embryonic development; in deuterostomes, the anus forms before the mouth during early embryogenesis.

Protostomes

A group in the animal kingdom distinguished by their embryonic development; during gastrulation, the first opening (the blastopore) becomes the mouth.