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Selecting the Exception Four of the five answers listed below are characteristics of water. Select the exception.
Authorized Conduct
Actions or behaviors that are officially approved or sanctioned by an authoritative entity.
Corporation Statutes
Laws enacted by a legislature that dictate the formation, organization, and governance of corporations.
MBCA
Stands for the Model Business Corporation Act, which is a model set of laws prepared by the Committee on Corporate Laws of the American Bar Association, guiding the governance and regulation of corporations in the United States.
Passive Investors
Individuals or entities that invest in a venture but are not actively involved in its day-to-day management.
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