Under Recent Statutes, the Articles of Incorporation Must Contain All

question 34

Multiple Choice

Under recent statutes, the articles of incorporation must contain all of the following except the: ______.

• A) name of the corporation.
• B) name and address of each incorporator.
• C) purpose for which the corporation is organized.
• D) number of shares the corporation is authorized to issue.

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Definitions:

Law of Diminishing Returns

The principle that as one factor of production is increased while others are held constant, the incremental gains in output will eventually decrease.

Marginal Output

The additional output that results from using one more unit of a particular input, holding all other inputs constant.

Resource (Labor)

Human effort, both physical and mental, used in the production of goods and services.

Short Run

A period of time in economics during which at least one factor of production is fixed, limiting the capacity to adjust to changes in demand or market conditions.