Which of the Following Is Not True of a Close

question 6

Multiple Choice

Which of the following is not true of a close corporation?

• A)It has a large number of stockholders
• B)Its stockholders are often actively involved in the managment
• C)It has a small number of stockholders.
• D)Its profits are taxed twice, unless it has elected S-Corp status

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Definitions:

Precise Protocol

A set of detailed and exact guidelines designed to achieve a specific outcome, often used in technological, scientific, or industry-specific contexts.

Target Market

A particular segment of consumers recognized as the main target for a product or service, distinguished by common traits or requirements.

Marketing Program

A Marketing Program outlines the specific actions a business intends to carry out to appeal to potential customers and persuade them to buy its products or services.

Hoverboards

Self-balancing, electric personal transport devices that consist of two motorized wheels connected by a platform on which the rider stands.