What Are Some of the Matters Involving Fundamental Changes in the Corporation

question 22

Multiple Choice

What are some of the matters involving fundamental changes in the corporation and requiring shareholder approval?

• A) Amendments to articles of incorporation.
• B) Sale or lease of corporate assets in the regular course of business.
• C) Selection of a corporate president.
• D) Removal of the corporation's officers.
• E) All of these.

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Definitions:

Stock

A type of financial security that represents a proportion of ownership in a corporation, giving the holder a claim to part of the company's profits and assets.

NDP

Net Domestic Product, a measure of a country's economic output that accounts for depreciation. It represents the total value of all goods and services produced within a country's borders minus the depreciation of its capital goods.

United States

A country in North America known for its large economy and diverse population, officially known as the United States of America.

Underground Economy

Unreported or illegal production of goods and services that is not counted in GDP.