The Sale of Shares in a Closed Corporation Is Similar

question 165

Multiple Choice

The sale of shares in a closed corporation is similar to the sale of a sole proprietorship because:

• A) the shares are traded on the open market
• B) numerous shareholders make transfers difficult
• C) there is limited life in such corporations
• D) government approval is necessary for a transfer
• E) none of the other choices

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Definitions:

Ampacities

A term referring to the maximum amount of electric current a conductor or device can carry before sustaining immediate or progressive deterioration.

Inductances

A property of an electrical conductor by which a change in current flowing through it induces an electromotive force in both the conductor itself and in any nearby conductors by mutual inductance.

Ambients

Surrounding environmental conditions, such as temperature, pressure, and humidity, affecting the performance and operation of electronic devices.

Conductors

Materials that allow the flow of electrical current due to their low resistance, such as metals.