The Revised Act Permits the Board of Directors to Adopt

question 33

Multiple Choice

The Revised Act permits the board of directors to adopt certain amendments without shareholder action, unless the articles of incorporation provide otherwise.These amendments would include:

• A) making minor name changes.
• B) extending the duration of a corporation if it was incorporated when limited duration was required by law.
• C) changing each issued and unissued authorized share of an outstanding class into a greater number of whole shares if the corporation has only one class of shares.
• D) All of these.

Recognize the importance of communication style in representing organizational image.

Understand the impact of word choice on clarity and reader engagement.

Realize the importance of credibility and trustworthiness in business communication.

Distinguish between concrete and abstract language for clear communication.

---

Definitions:

APC

In economics, stands for Average Propensity to Consume, which is the ratio of total consumption to total disposable income.

APC

Average Propensity to Consume, which is the fraction of income that households spend on consumption as opposed to saving.

APS

Stands for Average Propensity to Save, which measures the proportion of income that households save rather than spend on goods and services.

Autonomous Consumption

The level of consumption that occurs when income is zero, representing the consuming behavior independent of current income.