BUL3310 FSU Bailey Unit 14 Study
Guide Exam All Questions Solved
Correctly 2025-2026 Updated.
The board of ABC Corporation approved a new issue of Class B voting stock. The stock has no
stated value. This stock is an example of __________________stock.
Watered
No par
Par value
Preferred - Answer No par
State laws regulating the sale of securities within the state are called blue sky laws.
True
False - Answer True
Which of the following would not be grounds for dissolving a corporation?
A quo warranto proceeding
The shareholders are deadlocked in electing a board of directors.
Oppressive conduct by a controlling shareholder.
The corporation has not made a profit or declared dividends in two years. - Answer The
corporation has not made a profit or declared dividends in two years.
To protect instate investors, most states have statutes regulating the sale of stocks and other
securities within the state. These state statutes are referred to as ________________laws.
,Asset protection
Investment trust
White knight - Answer Blue sky
Stock which has no stated value when it is sold is ___________stock.
Watered
No par value
Par value
Restricted - Answer No par value
The articles of incorporation are drawn up at the first organizational meeting of the corporation.
True
False - Answer False
The corporate merger that raises the greatest number of anti-trust issues is a
_________merger; the corporate merger that raises the fewest number of anti-trust issues is a
__________merger.
Vertical ---------------------Conglomerate
Horizontal----------------Vertical
Horizontal----------------Conglomerate
Vertical -------------------Horizontal - Answer Horizontal----------------Conglomerate
, Market extension
Horizontal
Vertical - Answer Vertical
The "weighted average method" refers to
a way of voting for directors that protects the rights of minority shareholders.
A way of distributing dividends in closely held corporations
A way of determining the fair value of a shareholder's stock when the shareholder dissents from
a merger.
A way of resolving antitrust issues when competitor corporations merge. - Answer A way of
determining the fair value of a shareholder's stock when the shareholder dissents from a
merger.
Partnerships are required to give notice to creditors when they dissolve, but corporations are
not required to give notice of their dissolution.
True
False - Answer False
Which of the following statements is correct about shareholders' voting rights?
Shareholders are entitled to notice when a special meeting is called.
A quorum of shareholders must be present to conduct business.
A shareholder's vote will be counted only if the shareholder is personally, physically present at
the meeting when the vote is take.
Guide Exam All Questions Solved
Correctly 2025-2026 Updated.
The board of ABC Corporation approved a new issue of Class B voting stock. The stock has no
stated value. This stock is an example of __________________stock.
Watered
No par
Par value
Preferred - Answer No par
State laws regulating the sale of securities within the state are called blue sky laws.
True
False - Answer True
Which of the following would not be grounds for dissolving a corporation?
A quo warranto proceeding
The shareholders are deadlocked in electing a board of directors.
Oppressive conduct by a controlling shareholder.
The corporation has not made a profit or declared dividends in two years. - Answer The
corporation has not made a profit or declared dividends in two years.
To protect instate investors, most states have statutes regulating the sale of stocks and other
securities within the state. These state statutes are referred to as ________________laws.
,Asset protection
Investment trust
White knight - Answer Blue sky
Stock which has no stated value when it is sold is ___________stock.
Watered
No par value
Par value
Restricted - Answer No par value
The articles of incorporation are drawn up at the first organizational meeting of the corporation.
True
False - Answer False
The corporate merger that raises the greatest number of anti-trust issues is a
_________merger; the corporate merger that raises the fewest number of anti-trust issues is a
__________merger.
Vertical ---------------------Conglomerate
Horizontal----------------Vertical
Horizontal----------------Conglomerate
Vertical -------------------Horizontal - Answer Horizontal----------------Conglomerate
, Market extension
Horizontal
Vertical - Answer Vertical
The "weighted average method" refers to
a way of voting for directors that protects the rights of minority shareholders.
A way of distributing dividends in closely held corporations
A way of determining the fair value of a shareholder's stock when the shareholder dissents from
a merger.
A way of resolving antitrust issues when competitor corporations merge. - Answer A way of
determining the fair value of a shareholder's stock when the shareholder dissents from a
merger.
Partnerships are required to give notice to creditors when they dissolve, but corporations are
not required to give notice of their dissolution.
True
False - Answer False
Which of the following statements is correct about shareholders' voting rights?
Shareholders are entitled to notice when a special meeting is called.
A quorum of shareholders must be present to conduct business.
A shareholder's vote will be counted only if the shareholder is personally, physically present at
the meeting when the vote is take.
