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Dividends Require Management Authorization and Are Authorized in the Bylaws

question 4

True/False

Dividends require management authorization and are authorized in the bylaws.

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Definitions:

Declaring War

The formal act by which a sovereign state announces and initiates a state of war against another sovereign state or entity.

Filibuster

A legislative tactic used to delay or block decisions by speaking for an extended period or by other procedural means.

Unlimited Debate

A procedure, notably in the U.S. Senate, that allows for extended discussion on a bill without a fixed time limit, often related to filibustering.

Bill Passage

The process by which a proposed piece of legislation is officially approved and becomes law.

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