In States Following the Model Business Corporation Act, the Articles

question 21

Multiple Choice

In states following the Model Business Corporation Act, the articles of merger must include

• A) a restatement of the articles of incorporation.
• B) information concerning the approval of the shareholders of all corporations that are a party to the merger.
• C) a statement of the approval of the president of the merging corporation.
• D) a copy of the bylaws of the surviving corporation.

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Definitions:

Price-elastic

Refers to the responsiveness of the demand for a good to a change in its price; highly price-elastic goods see significant changes in demand when prices fluctuate.

Shifts to the Right

A phrase indicating an increase in supply or demand in economic graphs, typically showing improvement or growth.

Price Effect

Refers to the impact on consumer demand or the quantity demanded of a good when its price changes, holding other factors constant.

Quantity Effect

The change in total revenue resulting from a change in the quantity of a product sold, holding price constant.