To Maintain Status as a Corporation, the Corporation Must

question 59

Multiple Choice

To maintain status as a corporation, the corporation must

• A) reapply for a charter annually.
• B) submit its bylaws to the secretary of the state of incorporation every year.
• C) hold annual meetings of both the shareholders and the board of directors.
• D) properly declare annual dividends.

---

Definitions:

Expected Frequency

The predicted number of times an event is anticipated to occur within a specified period based on probability.

Chi-Square Test

A statistical method used to determine if there is a significant association between two categorical variables.

Expected Frequency

The predicted number of times an outcome is expected to occur in a statistical experiment based on the probabilities of all possible outcomes.

Sample Size

The number of observations or data points collected in a sample for the purpose of statistical inference.