If the Management of a Company Desires to Sell Most

question 66

True/False

If the management of a company desires to sell most of the assets of the business outside the regular course of business,the board of directors must recommend this action and the shareholders must vote to approve it.

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Definitions:

Production Technology

The methods, equipment, and processes used to produce goods and services, encompassing both physical machinery and software systems.

Efficient Outcomes

Results or end-states that achieve the maximum benefit or utility with the minimal waste of resources.

Economy

The system of production, distribution, and consumption of goods and services in a particular geographic area.

Unemployment

The condition of being without a job, while actively searching for employment.