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Which of the Following Types of Local Government Is Incorporated

question 24

Multiple Choice

Which of the following types of local government is incorporated under state law to provide governance to a defined geographic area and is generally more compact and more densely populated than counties?


Definitions:

Unanimous Shareholders' Agreement

A contract among all shareholders of a company that may alter or remove the powers of the directors.

Fiduciary Duty

An obligation to act in the best interest of another party, such as a trustee's duty towards beneficiaries.

Closely Held

A description for a corporation or company that has a small number of shareholders, often characterized by its shares not being widely available to the public.

Fiduciary Duty

A legal obligation requiring one party to act solely in another party's interest with a high standard of care, especially in matters concerning trust and confidence.

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