The Revised Model Business Corporation Act: ______

question 29

Multiple Choice

The Revised Model Business Corporation Act: ______.

• A) has eliminated the certificate of incorporation.
• B) has made the process of incorporation more difficult.
• C) states that corporate existence begins when the secretary of state issues a certificate of incorporation.
• D) has eliminated the need for articles of incorporation.

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Definitions:

Preceding August

Indicates a time period or events that occurred before the month of August.

Payment Stream

A series of payments made or received over time, usually as part of a financial agreement such as a mortgage or annuity.

Economically Equivalent

Having the same financial value when considering various factors like time, risk, and opportunity cost.

Invested Rate

The rate of return on an investment, reflecting the annual income earned on the investment expressed as a percentage of its original cost.