Under the Revised Model Business Corporation Act, Which of the Following

question 88

Multiple Choice

Under the Revised Model Business Corporation Act, which of the following must be part of the articles of incorporation?

• A) The purpose of the corporation.
• B) The bank used in funding the corporation.
• C) The attorney for the corporation.
• D) Information concerning where the corporation plans to transact business.
• E) The address of the registered office.

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Definitions:

Deadweight Loss

A loss of economic efficiency that can occur when equilibrium for a good or a service is not achieved or is not achievable.

White Water Rafting

An outdoor adventure sport that involves navigating rivers with varying degrees of rough water using an inflatable raft.

Cheesecake

A sweet dessert consisting of one or more layers, the main, and thickest layer contains a mixture of soft, fresh cheese, eggs, and sugar.

Equilibrium Price

The market price at which the quantity of goods supplied equals the quantity demanded, leading to a stable market condition.