A Close Corporation Is One

question 128

Multiple Choice

A close corporation is one:

• A) with a pending application for incorporation
• B) with stock that can only be traded with other corporations
• C) that is in the process of dissolution
• D) that has a small number of stockholders
• E) that issues only preferred stock

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Definitions:

Sole Breadwinners

Individuals who are the only source of income for their family, bearing the financial responsibility for all household expenses.

Biological Differences

Variations at the genetic, cellular, or physiological level between individuals or groups, often contributing to characteristics like gender, physical attributes, and susceptibility to certain diseases.

Gender

The learned attitudes and behaviors that characterize women and men.

Biological Characteristics

Physical and genetic traits of organisms that define their species, and individual variations within it.