A(n)________ Requires a Selling Shareholder to Obtain the Consent of the Corporation

question 1

Multiple Choice

A(n) ________ requires a selling shareholder to obtain the consent of the corporation or the other shareholders before she may sell her shares.

• A)buy-and-sell agreement
• B)right of first refusal
• C)option agreement
• D)consent restraint

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Definitions:

Consumer Surplus

The disparity between what consumers are prepared and can afford to spend on a product or service compared to the actual amount they end up paying.

Tariff

A tax imposed on imported goods to protect domestic industries or to generate revenue.

Tariff Revenue

Income that governments earn from imposing taxes on imported goods to protect domestic industries or generate income.

Economic Strategy

A plan of action designed to achieve specific financial or market objectives.