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In some cases, individuals who start a business have special voting rights that help them exercise more control over the firm. They own a special class of stock called founders’ shares. A. True B. False
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In some cases, individuals who start a business have special voting rights that help them exercise more control over the firm. They own a special class of stock called founders’ shares.

A. True
B. False

User Mohammad Fallah
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1 Answer

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Answer: True.

Step-by-step explanation:

The second type of Class A Common Stock is founders shares with superior voting rights to “ordinary” common stock. For example, the Class A Common Stock could get two (or more) votes for every share or could have one or more seats on the company’s board of directors allocated to the founders holding Class A Common Stock

User Mayankbatra
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