Which of the Following Is Not True About Corporations in the United

question 1

Multiple Choice

Which of the following is not true about corporations in the United States?

• A) A relatively small number of corporations own the great bulk of U.S. industrial wealth.
• B) The great majority of publicly held corporations have audit committees consisting entirely of outside directors.
• C) The board of directors of the majority of publicly held U.S. corporations consist mainly or entirely of inside directors.
• D) Corporate governance requirements on publicly held corporations have been imposed by federal legislation.

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