Which of the Following Is an Implied Power of a Corporation

question 24

Multiple Choice

Which of the following is an implied power of a corporation?

• A) Power to have perpetual existence.
• B) Power to sue and be sued in the corporations' name.
• C) Power to establish rules for managing the corporation.
• D) Power given in the statement of corporate purpose in the articles of incorporation.
• E) Power to lend money.

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Definitions:

Sect

Group that has broken off from an established church.

Church

A formal organization that sees itself and is seen by society as a primary and legitimate religious institution.

Organizational Structure

The system used to define a hierarchy within an organization, outlining the roles, responsibilities, and relationships between individuals within an entity.

Symbolic Interactionism

A sociological perspective that focuses on how individuals interpret and attribute meanings to symbols, behaviors, and events within their social interactions.