Some States Allow Small Corporations with Fewer Than 100 Shareholders

question 48

True/False

Some states allow small corporations with fewer than 100 shareholders to eliminate the board of directors,as long as someone is assigned the duties that the board would have performed.

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Definitions:

Productivity

relates to the efficiency and effectiveness with which inputs are converted into outputs, often measured in terms of output per unit of input in an economic or workplace context.

Incentives

Rewards or stimuli that motivate individuals to perform actions or engage in behaviors.

Need For Achievement

A psychological driving force that compels individuals to pursue and meet standards of excellence.

n Ach

Refers to "Need for Achievement," a term in psychology that represents an individual's desire for significant accomplishment, mastering of skills, control, or high standards.