Which of the Following Statements About Corporate Dissolution Is Incorrect

question 52

Multiple Choice

Which of the following statements about corporate dissolution is incorrect?

• A) A creditor cannot force a corporation into dissolution.
• B) A corporation will be dissolved if all shareholders vote to do so.
• C) A Secretary of State may start an administrative proceeding to dissolve a corporation for failure to pay taxes.
• D) A shareholder may petition a court to dissolve a "deadlocked" corporation.

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Definitions:

New Product Development

The process of bringing a new product to the market, involving idea generation, design, testing, and launch.

Survival

The ability of a business or organism to continue existence and operations in the face of adversity or competitive pressures, often requiring adaptation or strategic planning.

Early Adopter

An individual or organization that uses or purchases new products, technologies, or services before the majority of the market, often influencing trends and standards.

Diffusion Curve

A graphical representation showing the rate and pattern of adoption of a new product, technology, or idea over time among members of a social system.