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Spices & Seasonings Inc

Question 29

Multiple Choice

Spices & Seasonings Inc.is a private,for-profit corporation that is owned by eight shareholders who are not members of the same family but are personally known to one another.To avoid management problems caused by sharing control with someone the shareholders do not know or like,the firm could


A) restrict the transferability of its shares to outside persons.
B) depart from all formalities required by traditional corporate law.
C) reorganize into a sole proprietorship or partnership.
D) hold special shareholders' or directors' meetings on an annual basis.

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