Which of the Following Is Untrue Regarding Closely Held Corporations

question 24

Multiple Choice

Which of the following is untrue regarding closely held corporations?

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

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Definitions:

Reliable

Pertaining to the consistency and dependability of a result or measurement.

Culture-Fair Tests

assessments designed to minimize the effects of cultural background, language, and education on test performance to measure intelligence or aptitude more fairly.

Cultural Background

Cultural background encompasses the culture, traditions, languages, and experiences that shape an individual's identity and perception of the world.

Nonverbal Abilities

Skills in understanding and expressing ideas without the use of spoken or written language, often assessed through actions, gestures, or facial expressions.