Examlex
All of the following are major theoretical approaches to reward administration except:
Close Corporation
A corporation whose shares of stock and managerial control are closely held by fewer than 50 shareholders (often members of the same family) or by one person.
Shareholders
Individuals or entities that own shares in a corporation, giving them certain rights such as voting on corporate matters.
No Par Value
Shares issued without a nominal or stated value per share, with the market price determined by demand.
Secretary of Commerce
The head of the U.S. Department of Commerce, responsible for promoting American businesses and trade.
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