In States That Have Adopted the Revised Model Business Corporation

question 46

Multiple Choice

In states that have adopted the Revised Model Business Corporation Act, the secretary of state may commence proceedings to administratively dissolve a corporation under all but which of the following circumstances?

• A) the corporation adopts more than one business purpose.
• B) the corporation does not pay franchise taxes within sixty (60) days after they are due.
• C) the corporation does not file its annual report within sixty (60) days after it is due.
• D) the corporation is without a registered agent or registered office for sixty (60) days or more.

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Definitions:

Population Proportion

The proportion of a certain outcome or characteristic within an entire population.

Upper Confidence Bound

The upper limit of a confidence interval, representing the highest value that a parameter is expected to be.

Z-Value

A statistic that measures the number of standard deviations a data point is from the mean of a distribution, often used in standard score calculations.

Population Proportion

A measure that represents the fraction or percentage of members in a population that exhibit a certain attribute or characteristic.