Markell Inc.issued stock options.Which of the following is not true?
A) The shareholders determine the terms upon which the stock options are issued,their form and content,and the consideration for which the shares are to be issued.
B) A stock warrant is a type of stock option that is freely transferable and that typically has a longer term than a stock right.
C) Markell Inc.may use stock options or warrants in its incentive compensation plans for the directors and officers of the company.
D) Markell Inc.may use stock options to help in raising capital for the business by making one class of securities more attractive by including in it the right to purchase shares in another class.

Question

Quizplus · Accepted Answer

The terms upon which the stock options are issued, their form and content, and the consideration for which the shares are to be issued are typically determined by the board of directors, not the shareholders.