Which of the Following Statement(s)is/are True

question 33

Multiple Choice

Which of the following statement(s) is/are true?

• A)Closely held corporations are owned by only a few shareholders - often family members.
• B)Most closely held corporations require shareholders interested in selling their stock to offer it first to the corporation. This is known as the right of first refusal.
• C)Shares of stock the corporation itself owns are called treasury stock.
• D)All of the above

---

Definitions:

Entrepreneur's Talent

The unique set of skills, knowledge, and intuition that an entrepreneur possesses, enabling them to identify, evaluate, and exploit business opportunities.

Annual Lease

A contract that allows for the rental of a property for a period of one year.

Implicit Costs

The opportunity costs of using resources that a company already owns, essentially the income the company could have earned by using these resources in another way.

Explicit Costs

Direct, out-of-pocket payments for expenses incurred in conducting business, such as wages and materials.