Which of the Following Is True Regarding Approval a Corporation

question 52

Multiple Choice

Which of the following is true regarding approval a corporation desiring to sell a majority of its assets must obtain?

• A) A corporation desiring to sell a majority of its assets must obtain approval from officers, its board of directors, and shareholders.
• B) A corporation desiring to sell a majority of its assets must obtain approval from officers and its board of directors, but not from shareholders.
• C) A corporation desiring to sell a majority of its assets must obtain approval from its board of directors and shareholders, but not from officers.
• D) A corporation desiring to sell a majority of its assets must obtain approval from shareholders, but not from officers or its board of directors.
• E) A corporation desiring to sell a majority of its assets must obtain approval from its board of directors, but not from shareholders or officers.

---

Definitions:

Successful Minority

Describes a subgroup within a larger population that achieves a higher level of success compared to the average, often despite facing systemic barriers.

Principled

Acting in accordance with morality and showing recognition of right and wrong.

Disrupt

To interrupt by causing a disturbance or problem, significantly altering or destabilizing the status quo.

Ingroup Minority

A smaller subset within a larger group that may hold different views or characteristics from the majority of the group.