Identify Which of the Following Statements Is True

question 78

Multiple Choice

Identify which of the following statements is true.

• A)Section 351 applies exclusively to the formation of a new corporation.
• B)Section 351 applies to property transfers in exchange for stock.
• C)Section 351 only applies to individual transferors.
• D)All of the above are false.

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Definitions:

Great Leader Theory

A theory suggesting that history is shaped by the impact of exceptional leaders, who possess unique characteristics that enable them to influence others and change the course of events.

Zeitgeist Theory

A theory that suggests that the dominant set of ideas, beliefs, and cultural trends of an era shape the sociological and cultural context.

Fielder's Contingency Model

A leadership theory proposing that effective leadership depends on the match between a leader's style of interacting with subordinates and the degree to which the situation gives control and influence to the leader.

Leadership Substitute Theory

A theory suggesting that certain characteristics of the task, subordinates, or organization can substitute for leadership, thus diminishing the leader’s importance.