Which of the Following Must Be Included in the Articles

question 71

Multiple Choice

Which of the following must be included in the articles of incorporation?

• A) The minutes of the first organizational meeting of the board of directors.
• B) The number of shares the corporation is authorized to issue.
• C) The dissolution terms of the incorporation.
• D) The corporate seal must be used in the articles of incorporation.

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Definitions:

Capital Goods

Are tangible assets such as buildings, machinery, equipment, vehicles, and tools that an organization uses to produce goods or services.

Production Possibilities Curve

A graphical representation that shows the maximum quantity of one good that can be produced for every possible quantity of another good produced, given the available resources and technology.

Consumer Goods

Products and services that are purchased for personal use or consumption by the general public.

Capital Goods

Goods that are used in producing other goods and services rather than being bought by consumers.