A Common Problem for Closely Held Corporations Is

question 53

Multiple Choice

A common problem for closely held corporations is:

• A)Lack of access to substantial amounts of capital.
• B)That shareholders receive only one vote each.
• C)The separation of ownership and management.
• D)An abundance of agency problems.

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Definitions:

Ethical Moralists

Philosophers or thinkers who base their ethical theories on principles of moral goodness.

Utilitarians

Advocates of utilitarianism, the ethical theory that posits the greatest happiness for the greatest number as the foundation of morals and legislation.

Hedonism

The ethical theory that pleasure (in the sense of the satisfaction of desires) is the highest good and proper aim of human life.

Pleasure

A feeling of happiness, enjoyment, or satisfaction derived from an experience or activity.