Identify Which of the Following Statements Is False

question 53

Multiple Choice

Identify which of the following statements is false.

• A)Askew Corporation has ten unrelated shareholders, each of whom owns 10% of the outstanding stock. This corporation is a personal holding company.
• B)Stock owned by an individual, in addition to stock attributed from her spouse, parents, children, and siblings, are all counted towards whether or not the personal holding company stock ownership test has been met.
• C)S corporations and tax-exempt organizations are excluded from the personal holding company (PHC)definition.
• D)A person who holds an option to acquire stock is considered to own the stock for purposes of the PHC stock requirements.

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Definitions:

Personnel Categories

The classification of employees based on their job roles, responsibilities, or levels within an organization.

Human Resource Forecasters

Specialists who predict an organization's future human resource needs based on business data, trends, and strategic planning.

HR Forecasting

The process of predicting an organization's future demand for and supply of the right type of employees in the right number.

Strategic Importance

The level of significance a particular action, decision, or area has in achieving the long-term objectives of an organization.