1. Which of the following parties do not have the power to initiate corporate dissolution?

a. All listed may initiate corporate dissolution.

b. A court of law.

c. The board of directors.

d. The secretary of state in the state in which the corporation is incorporated.

e. The shareholders.

2. Which exemption under the '33 Act is available for offerings of up to $5 million?

a. Rule 504.

b. Regulation A.

c. Rule 506.

d. Rule 505.