Which of the following statements is true of publicly held business organization

Question

Which of the following statements is true of publicly held business organizations? O A. Publicly held organizations are owned only by a few persons OB. Publicly held organizations are oaly owned by the govemment C. Sharcholders of publicly held organizations can transfer their ownenship without interfering with the organization's management O D. A family-operated business is an example of a publicly held business organization O E. Publicly held organizations are free from all legal liabalities to its sharcholders, which is the primary reason for this corporate form being usod 3 points Save Answer QUESTION Thedefense arises from a plaist s awiling cadertaking of tivity made dengerous by the negligeace of O A. sasation in act O B D.

Explanation / Answer

Publicly held business organization can have widely dispered shareholding. Hence A and B are wrong. Publicly held organizations are answerable to shareholders. It is not that they are free from any liabilities. A family run organization may or may not be a public run organization. The classic example is Ford which was a publicly held company but still was run by a family member till a few daceades before . Hence, only C is correct that shareholders does not require management permission to sell off their stakes.

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Causation in fact is the principle which is determined by the "but for" test which means the incident would not have happened , had XYZ has not happened. Cause in along with proximate cause ( event sufficiently related to injury) both are required to prove an act to cuase harm.

Hence, causation in fact is correct.

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