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:

Federal Minimum Wage

The lowest hourly wage that an employer can legally pay their employees, as set by the federal government.

Unemployment

The state of being without a job while actively looking for employment.

Philosophy

The study of fundamental questions about existence, knowledge, values, reason, mind, and language.

Cold Weather

A condition of low temperatures in the environment, which can have various economic impacts depending on the context.