A(n) ________ Is a Clause That Can Be Included in the Articles

question 49

Multiple Choice

A(n) ________ is a clause that can be included in the articles of incorporation that stipulates the activities that the corporation can engage in. The corporation can engage in no other purposes or activities.

• A) ultra vires clause
• B) dissolution clause
• C) general purpose clause
• D) limited purpose clause

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Definitions:

Ethical Behaviour

Conduct that is morally right or acceptable, adhering to established moral principles or societal norms.

Deaf Ear Syndrome

A situation where feedback, concerns, or suggestions are ignored or dismissed by those in positions of authority or by the organization at large.

Performance Pressure

The stress and anxiety experienced by individuals or teams when they are required to perform at high levels, often due to external expectations or demands.

Unethical Behaviour

Actions or decisions that violate moral or professional norms, standards, and practices.