Involuntary Dissolution of a Corporation That Is Ordered by the Secretary

question 82

Multiple Choice

Involuntary dissolution of a corporation that is ordered by the secretary of state if a corporation has failed to comply with certain procedures required by law is known as ________.

• A) judicial dissolution
• B) administrative dissolution
• C) cumulative dissolution
• D) liquidation

---

Definitions:

Preferences

In economics, preferences refer to the ranking or order of different alternatives or goods based on their desirability by individuals or entities.

Motor Oil

A lubricant used in internal combustion engines to reduce wear on moving parts, clean, and cool the engine.

Gasoline

A volatile fuel used primarily in internal combustion engines.

Revealed Preference

A theory in economics that assumes the preferences of consumers can be revealed by their purchasing habits.