How Is the Number of Corporate Directors Determined

question 21

Multiple Choice

How is the number of corporate directors determined?

• A) In the discretion of the president of the corporation.
• B) By vote of the stockholders.
• C) According to the corporate articles or bylaws.
• D) According to the number of shares issued.
• E) According to the amount of profit projected by incorporators for the first year.

---

Definitions:

Universal Human Principles

Fundamental norms, values, or truths that are widely accepted across different cultures and societies as inherently right or just.

Universal Principles Stage

A theoretical stage in moral development proposed by Lawrence Kohlberg, where moral reasoning is based on internalized and universal principles of justice.

Greatest Good

A principle aimed at achieving the maximum positive outcome or benefit for the largest number of people.

Accounting Fraud

Deliberate manipulation or falsification of financial records and statements to create a false appearance of a company's financial health.