The Articles of Incorporation Usually Include All of the Following

question 87

Multiple Choice

The articles of incorporation usually include all of the following except:

• A) classes of stock to be issued
• B) address of the corporation
• C) purpose of the business
• D) address of the corporation and the purpose of the business only are included
• E) address of the corporation and the purpose of the business and classes of stock to be issued are included

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Definitions:

Dollars

The currency unit of the United States, often used to represent money or economic transactions.

Break-Even Point

The point at which total cost and total revenue are equal, resulting in no net loss or gain for the business.

Variable Costs

Expenses that vary in relation to the amount of products or services a company generates.

Fixed Costs

Expenses that do not change with the level of goods or services produced by a business, such as rent, salaries, or loan payments.