All of the following are characteristics of a closely held corporation EXCEPT a. the shareholders usually restrict share transfer. b. the corporation can typically operate without a board of directors. c. minority shareholders are provided more protection than in regular corporations. d. the shares are publicly traded.

Win goods inc. is a large multinational conglomerate. as a single business unit, the company's stock price is estimated to be $200. however, by adding the actual market stock prices of each of its individual business units, the stock price of the company as one unit would be $300. what is win goods experiencing in this scenario? a. diversification discount b. learning-curveeffects c. experience-curveeffects d. economies of scale