Which of the Following Statements Is False

question 3

Multiple Choice

Which of the following statements is false?

• A) Dual-class stock is more prevalent in the United States than it is in other countries.
• B) When a corporation has dual-class stock, the corporate insiders generally concentrate their holdings in the superior voting-share class, while ordinary investors tend to hold relatively more of the inferior voting-class stock.
• C) One purpose of a dual-class structure is to allow insiders to raise the capital needed to finance growth without losing voting control.
• D) All of the above statements are false.
• E) Only statements (a) and (b) are false.

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Definitions:

Business Necessity Defense

A legal principle that allows employers to justify business practices that may be discriminatory if essential for the operation of the business.

High School Diploma

A certification awarded upon completion of secondary education, demonstrating a basic level of education and competency.

Civil Rights Act

A landmark piece of federal legislation in the United States that outlaws discrimination based on race, color, religion, sex, or national origin.

Affirmative Action Plan

A strategy aimed at increasing opportunities for underrepresented groups within a company or institution, typically to counter the effects of past discrimination.