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:

Industrial/Organizational Psychologist

Professionals who apply psychological principles to workplace environment, organization, and personnel issues.

Counseling Psychologist

A professional who helps people with physical, emotional, and mental health issues improve their sense of well‑being, alleviate distress, and resolve crises.

Clinical Psychologist

A professional specializing in diagnosing, evaluating, and treating mental, emotional, and behavioral disorders through psychological testing, counseling, and therapy.

Developmental Psychologist

A professional who studies the growth and development of the human mind and behavior throughout life.