An unusual feature relating to corporate governance at Snapchat is that stock shares sold during its IPO
A) were sold only to the company's early investors who had provided funds to the firm prior to the IPO.
B) were sold only to the company's two founders.
C) carried no voting rights for electing the board of directors.
D) were sold only to its previously announced board of directors.
Answer: C
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voluntary exchange
What will be an ideal response?
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