Dissolution of a Corporation That Has Begun Business or Issued

question 77

Multiple Choice

Dissolution of a corporation that has begun business or issued shares upon recommendation of the board of directors and a majority vote of the shares entitled to vote is known as ________.

• A) liquidation
• B) judicial dissolution
• C) administrative dissolution
• D) voluntary dissolution

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Definitions:

Managed Care

A healthcare delivery system aimed at managing the quality and cost of medical services that patients receive.

Medicaid

A health care program in the United States that assists individuals and families with low income and resources.

Joint Funding

Joint funding refers to the collaborative financial support provided by multiple organizations or sectors towards a common project or initiative.

Effective Date

The date when an agreement, policy, or contract becomes legally enforceable.