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Acme Inc Recently Came into Existence

Question 32

Multiple Choice

Acme Inc recently came into existence. Owen is the only officer, Dieter is a director, and Seppo is a shareholder. Which of the following statements is most likely TRUE?


A) Seppo belongs to a group of people that elected Dieter.
B) Owen decides whether or not Seppo will receive a dividend.
C) Under normal circumstances, Owen has the absolute power to remove Seppo from the company.
D) Seppo and Owen cannot be closely related by blood or marriage.
E) Dieter was appointed by Owen.

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