Which of the following is NOT a basis for involuntary dissolution?
a. A proceeding initiated by the secretary of state, if it is established that the corporation failed to pay its franchise tax.
b. The directors are deadlocked and the shareholders cannot break the deadlock.
c. The shareholders dissent to a merger and are asserting their appraisal rights.
d. None of these.
c
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The Hertz Car Rental "#1 Gold Club" is an example of:
A) not effectively adapting to fairness expectations. B) a program targeting the loyalty of its frequent renters. C) an appeal to greed. D) lack of transparency since not all customers get treated well.
If the expected rate of return on a stock exceeds the required rate:
A) The stock is experiencing supernormal growth. B) The stock should be sold. C) The company is probably not trying to maximize price per share. D) The stock is a good buy. E) Dividends are not being declared.