A Detailed Set of Rules Adopted by the Board of Directors

question 54

Multiple Choice

A detailed set of rules adopted by the board of directors after a corporation is incorporated that contains provisions for managing the business and the affairs of the corporation are referred to as ________.

• A)ultra vires rules
• B)articles of incorporation
• C)bylaws
• D)corporation codes

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Definitions:

Organizational Support

The extent to which an organization values its employees' contributions and cares about their well-being.

Employee Compensation

The total amount of remuneration and benefits an employee receives from an employer in exchange for their work or services.

Norm of Reciprocity

A social norm that expects individuals to repay, in kind, what another has provided or done for them.

Management Ability

The competence or skillset required to control, direct, and administer resources, tasks, or people effectively in an organizational setup.