Which of the Following Should Occur in the Face of the Board

question 35

Multiple Choice

Which of the following should occur in the face of the board not wishing to be involved in liquidation proceedings?

• A) A court should appoint a bankruptcy trustee to handle liquidation.
• B) A court should appoint a receiver not affiliated with the corporation to take over liquidation duties.
• C) Barbara, as president, is required to take over liquidation duties.
• D) The court should enter an injunction requiring all the directors to proceed with liquidation regardless of whether they want to do so.
• E) The court should enter an injunction requiring that at least half of the directors proceed with liquidation regardless of whether they want to do so.

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Definitions:

Elaborative Strategy

A method for increasing retention of new information by relating it to well-known information.

Rote Rehearsal

A memorization technique that involves repeating information over and over again to embed it in memory.

Sensory Memory

The shortest-term element of memory that allows individuals to retain impressions of sensory information after the original stimulus has ceased.

Problem Solution

A method or process of solving an issue or overcoming a challenge.