Standard Business Corporation Can Be Compelled to Dissolve by

question 2

Multiple Choice

Standard Business Corporation can be compelled to dissolve by

• A) its creditors only.
• B) itself, through its shareholders and directors, only.
• C) itself, through its shareholders and directors, or the state.
• D) the state only.

---

Definitions:

Opportunity Cost

The cost of forgoing the next best alternative when making a decision, representing the benefits that could have been received but were given up.

Explicit Cost

Direct, out-of-pocket payments for resources employed in the production of goods or services.

Marginal Cost

The additional cost incurred by producing and selling one more unit.

Fixed-Cost Fallacy

Consideration of costs that do not vary with the consequences of your decision (also known as the sunk-cost fallacy).