A Contract Between a Business and a State Recognising the Business

question 26

Multiple Choice

A contract between a business and a state recognising the business as an artificial person is known as the

• A) articles of partnership.
• B) articles of incorporation.
• C) S-corporation.
• D) stock certificate.
• E) proxy.

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Definitions:

Government Mandate

A government mandate is a requirement set by governments that individuals or organizations must follow, often under penalty for non-compliance.

Employer Prejudice

Biases or preconceived notions held by employers against certain groups of people, often affecting hiring and work practices.

Discriminating Firms

Companies that differentiate among customers, employees, or others based on certain criteria, often leading to unfair treatment.

Maximize Profits

The process or strategy where a business aims to achieve the highest possible profit margin within its operation, considering constraints and market conditions.