The First Meeting of the Board of Directors After the Bylaws

question 19

Multiple Choice

The first meeting of the board of directors after the bylaws are filed is called the:

• A) promoters' meeting.
• B) adoption meeting.
• C) initiation meeting.
• D) organizational meeting.
• E) novation meeting.

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Definitions:

Owns No Resources

The condition of not having access to or control over any assets, capital, or means of production.

Production Possibilities Frontier

A curve that shows the different combinations of various goods that a country can produce given certain resources and technology.

Full Employment

Employment level when there is no cyclical unemployment.

Command Economy

An economic system where the government makes all decisions regarding what goods should be produced, how they should be produced, and who gets them.