Which of the Following Contributed to the More Relaxed Incorporation

question 21

Multiple Choice

Which of the following contributed to the more relaxed incorporation procedures of modern times?

• A) The idea that incorporation is a by-product of the people's right to associate, not a gift from the state.
• B) The move from mercantilist thinking to a belief in Benjamin Franklin's invisible hand.
• C) The idea that incorporation is a gift from the state.
• D) The thought that laissez-faire is a losing proposition..

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Definitions:

Liquidation Of Assets

This process involves converting assets into cash or cash equivalents by selling them, typically during the winding down or bankruptcy of a business.

Common Shareholders

Individuals or entities that hold common stock in a corporation, entitling them to dividends and voting rights, but placing them last in priority for company assets in case of liquidation.

Dissolve

To formally end or terminate an entity, such as a corporation, partnership, or marriage, through legal means.

Outstanding Common Shares

The total number of common shares of a corporation that are issued and currently held by shareholders.