The Revised Act Explicitly Requires a Corporations's Charter to Authorize

question 12

Multiple Choice

The Revised Act explicitly requires a corporations's charter to authorize:

• A) one or more classes of shares that have limited voting rights.
• B) one or more classes of shares that together are entitled to receive the net assets of the corporation upon dissolution.
• C) Both are correct.
• D) nothing. The Revised Act only recommends, not requires, the charter contents.

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Definitions:

Monte Carlo Simulation

A computational technique that uses random sampling to obtain numerical results, often used to assess risk and uncertainty in financial and project management.

Subjective Estimates

Assessments or judgments made that rely on personal feelings, tastes, or opinions rather than external observable phenomena.

Probability Outcomes

The set of possible results in an experiment or situation, often quantified as likelihoods or percentages.

Decision Tree Analysis

A graphical representation of possible solutions to a decision based on different conditions, often used in business to strategize investments or processes.