A Corporation Whose Shares Are Held by Relatively Few Persons

question 5

True/False

A corporation whose shares are held by relatively few persons is a close corporation .

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Definitions:

Brightly Colored

Possessing vivid or intense hues; often used to describe objects or materials that attract attention through their coloration.

Specific Nominal

A term or label that refers to a unique entity, place, or thing that can be named directly, usually without needing further description.

Proper Nouns

Names used for an individual person, place, or organization, spelling out unique entities.

Sport

Physical activities engaged in for recreational purposes or competitive sportsmanship, often governed by a set of rules or customs.