Unless Its Articles of Incorporation Provide Otherwise, a Corporation

question 132

Multiple Choice

Unless its articles of incorporation provide otherwise, a corporation:

• A) lasts for twenty years
• B) lasts for fifty years
• C) lasts perpetually
• D) lasts as long as state law allows; the life varies among the states
• E) lasts as long as the IRS permits

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Definitions:

Participation And Involvement Strategy

Approaches that actively engage individuals in the decision-making or change processes to foster commitment and collaboration.

Employee Resistance

The opposition or pushback by employees against changes proposed by management, often due to fear of the unknown or loss of security.

Facilitation And Support Approach

A strategy aimed at helping individuals or groups achieve their goals by providing necessary guidance, resources, or assistance.

Resistance To Change

is the unwillingness or opposition of individuals or groups within an organization to adopt new strategies, processes, or changes, often due to fear of the unknown or loss of comfort.