Which of the Following Is True Regarding Approval a Corporation

question 52

Multiple Choice

Which of the following is true regarding approval a corporation desiring to sell a majority of its assets must obtain?

• A) A corporation desiring to sell a majority of its assets must obtain approval from officers, its board of directors, and shareholders.
• B) A corporation desiring to sell a majority of its assets must obtain approval from officers and its board of directors, but not from shareholders.
• C) A corporation desiring to sell a majority of its assets must obtain approval from its board of directors and shareholders, but not from officers.
• D) A corporation desiring to sell a majority of its assets must obtain approval from shareholders, but not from officers or its board of directors.
• E) A corporation desiring to sell a majority of its assets must obtain approval from its board of directors, but not from shareholders or officers.

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Definitions:

Cannon-Bard

A theory of emotion that argues that physiological arousal and emotional experience occur simultaneously, yet independently.

Self-Actualization

The act of reaching one's full potential and making use of their talents, perceived as a universal desire or requirement.

Abraham Maslow

An American psychologist known for creating Maslow's hierarchy of needs, a theory of psychological health predicated on fulfilling innate human needs.

Sexual Orientation

A person’s sexual attraction to and affection for members of either the opposite or the same sex.