The Articles of Incorporation

question 2

Multiple Choice

The articles of incorporation:
I.describe the purpose of the firm.
II.are amended periodically.
III.set forth the number of shares of stock that can be issued.
IV.detail the method that will be used to elect corporate directors.

• A)I and III only
• B)I and IV only
• C)II and III only
• D)II and IV only
• E)I, III, and IV only

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Definitions:

Strategic Leadership

It's an approach to management used by leaders to influence the direction towards achievement of high-level goals.

Corporate Governance

The system of rules, practices, and processes by which a company is directed and controlled, involving balancing the interests of its stakeholders.

Strategy Implementation

The execution of a strategic plan or the process of putting a newly chosen strategy into effect to achieve organizational goals.

Focused Cost Leadership

A strategy where a business aims to be the lowest cost producer in a specific niche or segment.