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:

Loose Culture

A culture that has relaxed social norms and allows conformity by members to vary a good deal.

Uncertainty Avoidance

A cultural or organizational characteristic where members prefer structured situations over ambiguity, aiming to minimize the unpredictability of future events.

Ecological Fallacy

The error of making inferences about individuals based on aggregate data for a group.

Uncertainty-Avoidance Cultures

Cultures that have a low tolerance for uncertainty and ambiguity, leading to well-established norms and rules to minimize the unpredictability of future events.