Which of the Following Corporate Decisions Requires an Approval Vote

question 23

Multiple Choice

Which of the following corporate decisions requires an approval vote of the shareholders?

• A)Merger
• B)Share trading
• C)Purchasing land for office
• D)Joint venture

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Definitions:

Financial Statements

Records that outline the financial activities and condition of a business, government, or individual. These commonly include the balance sheet, income statement, and statement of cash flows.

Certificates of Deposit

Fixed-term financial instruments issued by banks that pay interest until maturity, when they can be redeemed for the original amount plus accrued interest.

Petty Cash

A small amount of cash on hand used for covering minor expenses in a business.

Current Asset

A current asset is an asset that is expected to be converted into cash, sold, or consumed within one year or the operating cycle, whichever is longer.