Which of the Following Is Untrue Regarding Closely Held Corporations

question 44

Multiple Choice

Which of the following is untrue regarding closely held corporations?

• A) Most corporations in the U.S. are closely held.
• B) Some states have enacted special legislation to accommodate the needs of closely held corporations.
• C) Shareholders frequently restrict the transfer of shares to prevent "outsiders" from obtaining the stock.
• D) Shareholders usually have little voice in the management and control of the business.

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Definitions:

Social Inequalities

The unequal distribution of resources, opportunities, and rights among people in a society, often based on characteristics like race, gender, or socioeconomic status.

Prejudice

A prejudgment or unjustifiable, and usually negative, attitude of one type of individual or groups toward another group and its members.

Social Cooperative

A group or organization that operates on the principles of mutual assistance and collaboration among its members for a common goal.

Aggressive Outbursts

Aggressive outbursts are sudden, intense expressions of anger or violence that can result from frustration, certain psychological conditions, or emotional distress.