When Incorporating, a Business

question 104

Multiple Choice

When incorporating, a business

• A) may incorporate in any state that it chooses.
• B) must incorporate in the state in which its headquarters are located.
• C) must incorporate in the state in which it does the most business.
• D) must receive the secretary of state's permission to incorporate in any state other than the one in which its corporate headquarters will be located.
• E) None of the above are correct.

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Definitions:

Corporate Social Responsibility

A company's commitment to manage the social, environmental, and economic effects of its operations responsibly and in accordance with public expectations.

CSR Program

Corporate Social Responsibility program, initiatives by a company to assess and take responsibility for its effects on environmental and social wellbeing.

Order Cycle

The total amount of time that elapses from the time a customer places an order until the time the product is delivered to the customer.

Customer Inquiries

Refers to questions or requests for information made by customers regarding a company's products or services.