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:

Impulses

Sudden desires or urges that lead to immediate action without conscious thought.

Physical Care

The provision of tangible support and services to ensure the physical well-being of an individual, including health maintenance and daily living needs.

Severe Stress

An excessive level of stress that can lead to physical and psychological health problems, often resulting from significant life changes or challenges.

Buffer

A solution that resists changes in pH when acids or bases are added to it, or a person or thing that reduces the effect of a shock or disturbance.