Which of the Following Is True Regarding State Approval of Consolidations

question 90

Multiple Choice

Which of the following is true regarding state approval of consolidations?

• A) There is no requirement that the state approve consolidations.
• B) After reviewing the plan to see that legal requirements are met, the secretary of state issues a certificate to grant approval.
• C) The secretary of state must approve consolidations so long as the corporate entity at issue has sufficient assets.
• D) The secretary of state must approve consolidations so long as creditors of the corporate entity at issue do not remain unpaid.
• E) The secretary of state must approve consolidations so long as no more than 10% of either company's shareholders object.

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Definitions:

Piaget

A Swiss psychologist known for his pioneering work in child development, particularly his theory of cognitive development that describes how children's intellectual abilities evolve as they grow.

Moral Realism

The philosophical viewpoint asserting that ethical statements refer to objective features of the world, which are independent of human opinion.

Moral Development

The process by which individuals learn to distinguish right from wrong, making ethical decisions and understanding societal norms.

Piaget

Jean Piaget was a Swiss psychologist known for his pioneering work in child psychology, especially his theory of cognitive development that describes how children develop intellectual abilities.