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Is Myron Correct That the Vote by Cheeseland's Board of Directors

Question 76

Multiple Choice

Is Myron correct that the vote by Cheeseland's Board of Directors is legitimate to finalize the deal between the two companies?


A) No,Cheeseland only needs the approval of its shareholders before it can sell its assets.
B) No,Cheeseland needs the approval of both its board of directors and its shareholders before it can sell its assets.
C) No,Cheeseland needs the approval of its shareholders for a merger
D) Yes,Cheeseland only needs the approval of its board of directors before it can sell its assets.
E) Yes,Cheeseland only needs the approval of its board of directors for a merger.

Correct Answer:

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