A corporation must obtain shareholder approval before the company a. hires or fires a significant number of employees. b. expand

Question

bulgar [2K]

3 years ago

9

A corporation must obtain shareholder approval before the company a. hires or fires a significant number of employees. b. expand

s into foreign markets. c. sells off a major portion of its business to another company. d. opens additional offices.

Business

1 answer:

dexar [7] · Answer 1 · 2022-04-23T12:27:56+03:00

Answer:

c. sells off a major portion of its business to another company.

Explanation:

The corporation that should obtain the approval of the shareholder prior when the business major portion is sell off to the another company as it is very crucial decision taken by the company. It cant be taken without the approval of the shareholder as they are the original investors of the company

So as per the given situation, the option c is correct