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  • Exam Code: ACP-01201
  • Exam Name: Autodesk Certified Professional: Inventor for Mechanical Design
  • Version: V12.35
  • Q & A: 78 Questions and Answers

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NEW QUESTION: 1
Which of the following actions may a corporation take without its stockholders' consent?
A. Dissolve voluntarily.
B. Consolidate with one or more corporations.
C. Purchase 55% of another corporation's stock.
D. Merge with one or more corporations.
Answer: C
Explanation:
Choice "d" is correct. Directors are free to make most corporate decisions unilaterally. However, decisions
that might fundamentally change the nature of the corporation require the consent of the shareholders.
The purchase of 55% of another corporation's stock can be quite insignificant to the purchaser and is not
a fundamental corporate change.
Choice "a" is incorrect because a consolidation is a fundamental corporate change.
Choice "b" is incorrect because a merger is a fundamental corporate change.
Choice "c" is incorrect because a dissolution is a fundamental corporate change.

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