Match Each Term with Its Definition

question 22

Multiple Choice

Match each term with its definition.
-Future direction of the organization;what it wants to become

• A)budget
• B)goal
• C)planning
• D)values
• E)vision
• F)stakeholder

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Definitions:

Voluntary Dissolution

It refers to the process by which a corporation's stakeholders decide to formally and legally end the corporation's existence.

Directors

Shareholders select individuals to monitor the management and decide on key issues for a corporation.

Shareholders

Individuals or entities that own share(s) in a corporation, granting them certain rights like receiving dividends and voting at shareholders' meetings.

Hostile Takeover

An acquisition attempt by a company or individual to obtain control of another company against the wishes of the target company's management and board of directors.