A(n) ____ of a corporation involves approval of the shareholders and the board of directors.

Question

Quizplus · Accepted Answer

A voluntary action is one that is done by choice, rather than being forced or required. In the context of a corporation, a decision that must be approved by both shareholders and the board of directors is a significant one that requires a voluntary action on both parts. Therefore, option B is the best choice. The other options, such as involuntary, immediate, unwarranted, and abstract, do not accurately describe the process of approving major decisions in a corporation.

A(n) ____ of a Corporation Involves Approval of the Shareholders