To maintain control over their ownership,many closely held corporations exercise this right,known as:
A)right of first refusal.
B)right of refusal.
C)control rights.
D)corporate rights.

Question

Quizplus · Accepted Answer

The right of first refusal allows closely held corporations to maintain control over their ownership by giving them the right to purchase any shares of stock that existing shareholders are attempting to sell before they are sold to someone else. This gives the corporation the ability to control who becomes a shareholder in the company.

To Maintain Control Over Their Ownership,many Closely Held Corporations Exercise