Which of the Following Is True of Corporate Bylaws

question 78

Multiple Choice

Which of the following is true of corporate bylaws?

• A) They only contain rules on how the corporation can deal with the government.
• B) They are only adopted by the shareholders of the corporation.
• C) They are not binding on the directors, or shareholders of the corporation.
• D) They do not have to be filed with any government official.

---

Definitions:

Duty-Defined Morality

The view that moral right and wrong are determined first of all by a conception of a person’s duties and obligations.

Utilitarianism

An ethical theory that proposes that the best action is the one that maximizes utility, usually defined as that which produces the greatest well-being of the greatest number of people.

Virtue Ethics

The view that the central feature in the evaluation of people and their actions should be the character of the agent. Aristotle’s ethics are often described as a form of virtue ethics.

Care Ethics

A normative ethical theory that emphasizes interpersonal relationships and care or benevolence as a virtue in moral decision-making.