When a Corporation Liquidates, It Performs Three Activities

question 19

Multiple Choice

When a corporation liquidates, it performs three activities. What is the general order of these activities in a plan of liquidation?

• A)pay debts, distribute property to shareholders, and wind up its affairs
• B)wind up its affairs, distribute property to shareholders, pay debts
• C)pay debts, wind up its affairs, and distribute property to shareholders
• D)wind up its affairs, pay debts, and distribute property to shareholders

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Definitions:

Training Program

A structured plan designed to enhance the knowledge, skills, and competencies of employees for specific roles or tasks.

Diversity Training

Training designed to change employee attitudes about diversity and/or develop skills needed to work with a diverse workforce.

Minority Groups

Definition: Populations or communities that are smaller in number compared to the dominant group within a society, often facing differing treatment or discrimination.

Evaluating Training

The process of assessing the effectiveness and efficiency of training programs, including their impact on performance and skill development.