Dissolution of a Corporation That Has Begun Business or Issued

question 77

Multiple Choice

Dissolution of a corporation that has begun business or issued shares upon recommendation of the board of directors and a majority vote of the shares entitled to vote is known as ________.

• A) liquidation
• B) judicial dissolution
• C) administrative dissolution
• D) voluntary dissolution

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Definitions:

Office

A workplace location where professional or clerical duties are carried out.

Web-Based Multimedia

Content on the web that combines text, images, video, and audio to provide an interactive user experience.

Significantly More

A phrase indicating a much larger quantity, degree, or extent.

Significantly Fewer

A term used to describe a noticeably smaller quantity or number of something.