Jen and Kay Would Like to Form Lunch Garden, Inc

question 22

Multiple Choice

Jen and Kay would like to form Lunch Garden, Inc., to enter the food vending business. Most likely, the articles of incorporation for the firm will not include​

• A) ​the corporate name.
• B) ​the name and address of a registered agent.
• C) ​the number of shares that the corporation is authorized to issue.
• D) ​the minutes of the first organizational meeting.

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Definitions:

Public Goods

Goods that are non-excludable and non-rivalrous, meaning they are available to all members of society and one person's consumption does not reduce availability for others.

Common Resources

Resources that are freely accessible to all members of a society but are subject to overuse and depletion because they are not privately owned.

Market Outcomes

The results of interactions between consumers and producers in a market, including prices, quantities of goods and services produced and consumed, and allocation of resources.

Private Goods

Goods that are both excludable and rivalrous, meaning only paying customers can consume them, and one individual's consumption reduces the quantity available for others.