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:

Avoidance-Avoidance Conflict

A psychological conflict that occurs when a person must choose between two equally undesirable options or outcomes.

Approach-Approach Conflict

A psychological dilemma involving the choice between two desirable outcomes, causing stress or indecision.

Approach-Avoidance Conflict

A psychological struggle experienced when an individual is attracted to and repelled by the same goal or object at the same time.

Car Loan

A financial agreement in which a lender provides money to a borrower for the purpose of purchasing a car, to be repaid with interest over an agreed period.