Ganymede Is Larger Than Mercury, but It Is Not Classified

question 57

True/False

Ganymede is larger than Mercury, but it is not classified as a planet because it orbits Jupiter as opposed to the sun.

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Definitions:

Special Resolution

A shareholder resolution that requires at least a 75% majority vote to pass, often related to significant corporate actions.

Preference Shares

Shares that give their holders priority over common stockholders in terms of dividend payments and asset liquidation.

Liquidation

The process of winding up a company's affairs by selling off its assets to pay creditors.

Corporation Act

Legislation that governs the behavior of corporations, detailing the legal requirements for forming, operating, and dissolving a corporation.