Which of the Following Is Untrue About Fundamental Changes of Corporations

question 25

Multiple Choice

Which of the following is untrue about fundamental changes of corporations?

• A) Fundamental changes include charter amendments, mergers, consolidations, and dissolution.
• B) Fundamental changes of corporations are authorized by state incorporation statutes.
• C) Shareholder approval for fundamental changes usually needs to be unanimous.
• D) The 1999 revisions to the RMBCA contained substantial revisions to the RMBCA's treatment of fundamental changes.

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Definitions:

Desired Rate

The target interest or return rate set by an individual or organization for investments or loans.

Internal Rate Of Return

A financial metric used to evaluate the profitability of an investment, representing the discount rate that makes the net present value of all cash flows from the investment zero.

Present Value

The value now of a future monetary sum or cash flows, considering a specified rate of return.

Desired Rate

A target interest rate that an individual or entity seeks to achieve on an investment.