In a ________ Corporation, the Voting Stock Is Held by a Small

question 26

Multiple Choice

In a ________ corporation, the voting stock is held by a small number of individuals and is very thinly or infrequently traded.

• A) public
• B) private
• C) narrow
• D) cautious public
• E) closely-held

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Definitions:

Corporation Control

The exercise of authority and management over the operations and strategic direction of a corporation, often through ownership or a controlling interest.

Common Shares

A type of equity security that represents ownership in a corporation, granting voting rights and dividends to shareholders.

Proxy Fight

A battle for control of a company waged by a group of shareholders against the current management, typically requiring the solicitation of proxies from other shareholders.