The Articles of Incorporation Usually Include All of the Following

question 248

Multiple Choice

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

• A) name of the CEO
• B) address of the corporation
• C) purpose of the business
• D) classes of stock to be issued
• E) all of the other choices are included

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Definitions:

Variable Costs

Costs that vary directly with the level of production or sales volume, such as materials and labor.

Fixed Costs

Costs that do not change with the amount of goods or services produced, such as rent, salaries, and insurance premiums.

Depreciation

An accounting method of allocating the cost of a tangible asset over its useful life.

Sales Price

The total cost that a consumer incurs to buy a product or service from a merchant.