Which of the Following Statements Reflects the Transferability of Ownership

question 60

Multiple Choice

Which of the following statements reflects the transferability of ownership rights in a corporation?

• A) If a stockholder decides to transfer ownership he must transfer all of his shares.
• B) A stockholder may dispose of part or all of his shares.
• C) A stockholder must obtain permission from the board of directors before selling shares.
• D) A stockholder must obtain permission from at least three other stockholders before selling shares.

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Definitions:

Equilibrium Price

The price at which the quantity of a good or service demanded by consumers equals the quantity supplied by producers, leading to a stable market condition.

Supply Shift

A change in the quantity of a good or service that suppliers are willing and able to sell at a given price, due to factors other than price itself.

Price Elasticity

A metric for assessing how much demand for a product fluctuates with its price.

Sales Manager

A sales manager is responsible for leading and guiding a team of salespeople in an organization.