The Revised Model Act Would Permit the Directors to Avoid

question 61

Multiple Choice

The Revised Model Act would permit the directors to avoid a shareholder vote for which of the following amendments to the articles of incorporation?

• A) A change from duration of 99 years to perpetual life.
• B) Adding to the number of directors.
• C) Authorizing a new class of stock.
• D) Changing the name from The Oscar Company to McDuddy Corporation.

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Definitions:

Large Lots

Manufacturing or purchasing products in bulk quantities, often to achieve economies of scale and reduce per-unit costs.

Make-Or-Buy Decision

A strategic decision that businesses use to determine whether they should produce an item internally or buy it from an external supplier.

Supplier Relationships

The interactions and partnerships formed between a buying company and its suppliers, crucial for ensuring supply chain efficiency and resilience.

Services On Demand

The delivery of services exactly when they are needed or requested by customers, often facilitated by technology and the digital economy.