Which of the Following Best Describes Bylaws

question 10

Multiple Choice

Which of the following best describes bylaws?

• A)They are rules enacted by directors to govern a corporation's conduct.
• B)They are rules of conduct adopted by the shareholders.
• C)They may contain any provision, even against public policy if agreed upon by all shareholders.
• D)They are rules enacted by officers to govern their conduct.

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Definitions:

Idea Generation

The creative process of coming up with new concepts or solutions, often the first step in product development or problem-solving.

Product Concepts

The overall idea or understanding behind a product that is designed to meet the needs and wants of customers.

Viable

Capable of working successfully or feasibly, especially in the context of a new business or project.

Business Analysis

The practice of identifying business needs and determining solutions to business problems through analysis of data, processes, and systems.