Articles of Incorporation

question 40

Multiple Choice

Articles of incorporation

• A)set out the arrangements for carrying on the legal business of the corporation.
• B)are a set of books in which a corporation's records are kept.
• C)set out the fundamental characteristics of the corporation.
• D)are used to govern a corporation, but only until formal rules are adopted at the first shareholders' meeting.
• E)set default rules for the governance of a corporation that apply if the directors do not adopt different arrangements.

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Definitions:

Optimum Process

The most efficient and effective method of completing a task or producing a good with the minimum use of resources and time.

Perfect Product

An ideal or flawless product that completely meets the customer's needs and expectations without any defects or shortcomings.

Signal

An indication or sign that conveys information or instructions, often used in communication or control systems.

Supplier Partnerships

Partnership of suppliers and purchasers that removes waste and drives down costs for mutual benefits.