The Revised Model Act Would Permit the Directors to Avoid

question 71

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

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Definitions:

Pareto Analysis

A decision-making tool that uses the principle that 80% of effects come from 20% of causes to prioritize actions or problem-solving efforts.

Flow Chart

A graphical representation of a process or system showing the sequence of steps or operations using symbols and arrows.

Control System

Mechanisms or procedures implemented to guide activities towards achieving organizational objectives, often through monitoring and feedback.

Objectives

Specific, measurable targets a person or organization plans to achieve within a defined timeframe to fulfill broader goals.