When a Foreign Corporation May Transact Business in a Particular

question 13

Multiple Choice

When a foreign corporation may transact business in a particular state in the future, and it is desirable to reserve the corporation's name in that state for an extended period of time, the foreign corporation may

• A) file a copy of its articles of incorporation with the secretary of state of the foreign state.
• B) publish a notice of name use by foreign corporation in a newspaper in the foreign state.
• C) register its name with the secretary of state of the foreign state.
• D) register its name with the secretary of state of its state of domicile.

---

Definitions:

Variable Overhead Rate

The rate at which variable overhead costs are applied to the production process, typically based on a cost driver.

Fixed Manufacturing Overhead

Regular, consistent expenses involved in the operation of a factory that production levels do not affect, such as rent, property taxes, and salaries.

Direct Labor Budget

An estimation of the total direct labor cost for a future period, including hours and rates for labor required in production.

Direct Labor-Hours

The total hours worked by employees directly involved in the manufacturing process of products.