The Revised Model Business Corporation Act Would Permit the Directors

question 32

Multiple Choice

The Revised Model Business Corporation Act would permit the directors to avoid a shareholder vote for which of the following amendments to the articles of incorporation?

• A) Changing the name from Oskcamp Brown Corporation to McDuddy Corporation
• B) A change from duration of 99 years to perpetual life
• C) Authorizing a new class of stock
• D) Adding to the number of directors

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Definitions:

Job Analysis

A study of exactly what is done in a job, and why.

Job Holder

An individual who occupies a specific position within an organization and performs the duties associated with that position.

Qualifications

The skills, knowledge, and experience required to perform a job or task, often used as criteria for employment or advancement.

Job Descriptions

Detailed descriptions of the duties, responsibilities, required qualifications, and reporting relationships of a particular job.