The Revised Act Permits the Board of Directors to Adopt

question 57

Multiple Choice

The Revised Act permits the board of directors to adopt certain amendments without shareholder action.These amendments would include:

• A) extending the duration of the corporation if it was incorporated when limited duration was required by law.
• B) changing each issued and unissued authorized share of an outstanding class into a greater number of whole shares if the corporation has only one class of shares.
• C) making minor name changes.
• D) All of these.

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Definitions:

Causal Relationship

A connection between two variables where a change in one variable is responsible for a change in another variable.

F Test

A statistical method employed to ascertain if significant variance differences exist among two or more groups.

Coefficient Of Correlation

A numerical measure that quantifies the degree to which two variables are linearly related.

Regression Line

A line that attempts to predict the relationship between two variables by minimizing the distance between the line and all the data points.