Multiple Choice
Which of the following is untrue regarding closely held corporations?
A) Most corporations in the U.S. are closely held.
B) Shareholders frequently restrict the transfer of shares to prevent "outsiders" from obtaining the stock.
C) Shareholders usually have little voice in the management and control of the business.
D) Some states have enacted special legislation to accommodate the needs of closely held corporations.
Correct Answer:
Verified
Correct Answer:
Verified
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