Bart inherited an interest in an open publicly traded corporation shortly after he graduated from high school. He has now graduated from college and would like to sell his ownership in order to purchase a house. Which of the following best describes the sale process?
A. Ease of transfer of ownership is one of the benefits of corporate ownership therefore he should have no difficulty selling his ownership interest.
B. Difficulties associated with the transfer of ownership of corporate ownership are one of the disadvantages to forming a business as a corporation, therefore he will have difficulty selling his ownership interest.
C. If the corporation is an S corporation he may have no difficulty selling his ownership interest in the corporation.
D. Since this is a publicly traded corporation, he will have difficulty selling his stock.
Answer: A
You might also like to view...
When you place your garbage or trash on a public curb, you have waived any expectations of privacy and the police may go through the garbage or trash without a warrant.
Answer the following statement true (T) or false (F)
According to the “Social Process of Leadership Identity Construction in Organizations” model, in order for your claim as a leader to be successful
a. your organization has to promote you to a leadership position b. people have to grant you leadership status by responding to you as a leader and by reinforcing your leadership claims with their own follower behaviors c. you have to display dominance d. you have to document your leader behaviors and construct a “paper trail” of your activities
A firm hires a person who will adapt well into the overall organization rather than selecting a person who is the most qualified for a specific job. In this case, which of the following criteria is the firm adopting?
An assignee of a contract can bring suit on the contract only in the name of the assignor
Indicate whether the statement is true or false