In Which of the Following Classes of Corporation Are the Controlling

question 29

Multiple Choice

In which of the following classes of corporation are the controlling shareholders the only managers of the business?

• A) For-profit corporation
• B) Close corporation
• C) Not-for-profit corporation
• D) Publicly held corporation

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Definitions:

Innovative Organisations

Organizations that excel in creating new products, services, or processes and are adept at embracing change to meet or anticipate market demands.

Creativity

The ability to generate original ideas, solutions, or approaches, often leading to innovation.

Conflict

A disagreement over issues of substance and/or an emotional antagonism.

Change Leadership

The process and techniques used by individuals in an organization to inspire and lead others through significant transformations.