Which of the Following Is True of a Closely Held

question 30

Multiple Choice

Which of the following is true of a closely held corporation?

• A) It is a governmental organization.
• B) It is a corporation not organized for profit.
• C) It is often called a municipal corporation.
• D) The stock in a closely held corporation is widely held.
• E) The shareholders in a closely held corporation are fewer in number.

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Definitions:

Conventional Moral Reasoning

A stage of moral development where individuals make decisions based on societal norms and the expectations of others.

Distributive Justice

The ethical principle concerning the fair allocation of resources and goods in a society.

Conventional Moral Reasoning

A phase in the evolution of moral understanding where people base their decisions on the norms of society and what other people anticipate from them.

Autonomous Morality

A stage of moral development where individuals recognize the flexibility of rules and base their judgments on intentions and consequences.