All of the Following Are Characteristics of a Closely Held

question 35

Multiple Choice

All of the following are characteristics of a closely held corporation EXCEPT

• A)the shares are publicly traded.
• B)the corporation can typically operate without a board of directors.
• C)the shareholders usually restrict share transfer.
• D)minority shareholders are provided more protection than in regular corporations.

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Definitions:

Deontological Evaluation

An ethical assessment based on the principle that the morality of an action is based on its adherence to rules or duties, regardless of the outcomes.

Ethical Dilemma

A situation where one must make a decision between two or more morally correct actions that cannot both be undertaken.

8th Amendment

An amendment to the U.S. Constitution that prohibits the federal government from imposing excessive bail, excessive fines, or cruel and unusual punishment.

Cruel and Unusual Punishment

Punishment that is considered unacceptable due to the suffering, pain, or humiliation it inflicts on the person subjected to it.