Which of the Following Statements Is True for the Dissolution

question 26

Multiple Choice

Which of the following statements is true for the dissolution of a corporation by agreement?

• A) As a corporation is not an entity created by the state, it need not have the state's consent to dissolve.
• B) A corporation can be dissolved by oral consent of all shareholders.
• C) If two corporations consolidate into a new corporation, only the old corporation with major shareholders is dissolved.
• D) Corporations with more than one class of shareholders sometimes provide for voting on dissolution and other matters by class.

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Definitions:

Convergence

In communication and social psychology, convergence refers to the process by which individuals adjust their communicative behaviors to be more similar to their communication partners, promoting understanding and rapport.

Reconciles

The process of making one belief, fact, or action compatible with another, often involving the resolution of differences and restoration of harmony.

Relationship Role

The function or part played by an individual within a relational context, often defined by social, cultural, or organizational norms and expectations.

Task Role

A behavioral pattern or role adopted by an individual within a group that aims at achieving the group's goals and tasks.