Corporate Bylaws

question 29

Multiple Choice

Corporate bylaws:

• A) must be amended should a firm decide to increase the number of shares authorized.
• B) cannot be amended once adopted.
• C) define the name by which the firm will operate.
• D) describe the intended life and purpose of the organization.
• E) determine how a corporation regulates itself.

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Definitions:

Kohlberg's Moral Reasoning

A developmental theory proposing that an individual's ability to judge right from wrong evolves through a series of stages.

Preconventional

A stage in moral development, according to Kohlberg, where moral reasoning is based on rewards and punishments.

Premature

Occurring or done before the usual or proper time; too early.

Incubator

A device providing controlled environmental conditions for the care and growth of premature babies or the cultivation of microbiological cultures.