Which of the Following Statements Is True When Creating a Corporation

question 16

Multiple Choice

Which of the following statements is true when creating a corporation in the United States?

• A) Each of the 50 states has a general incorporation statute that stipulates the articles of incorporation to be used in that state.
• B) Incorporation is a federal matter and requires the recording of articles of incorporation with the U.S. Secretary of State.
• C) Corporations cannot be created without the enactment of a local ordinance in the city or county where the corporate headquarters is to be located.
• D) Corporations are created by private agreement and do not require the filing of any documents with a government official.

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Definitions:

Poisson Random Variable

A type of discrete random variable that expresses the probability of a given number of events occurring in a fixed interval of time or space if these events happen with a known constant mean rate and independently of the time since the last event.

Successes Achieved

The accomplishments or favorable outcomes attained in a given project, experiment, or other endeavors.

Random Sample

A subset of individuals chosen from a larger set, where each individual has an equal probability of being chosen, ensuring the sample’s representation of the entire population.

Without Replacement

A sampling method where each selected unit is not put back into the population before the next draw, meaning no unit can be selected more than once.