The Articles of Incorporation

question 52

Multiple Choice

The articles of incorporation

• A)can be used to remove company management.
• B)are amended annually by the company stockholders.
• C)set forth the number of shares of stock that can be issued.
• D)set forth the rules by which the corporation regulates its existence.
• E)can set forth the conditions under which the firm can avoid double taxation.

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Definitions:

Phyla

The plural of phylum, a rank in the biological classification system that is below kingdom and above class, used to group organisms based on their basic body plan.

Amniotic Egg

Egg that contains an amnion and other membranes that surround and protect the developing embryo and keep it moist; the evolution of the amniotic egg was one of the adaptations that allowed animals to become completely terrestrial.

Vertebrates

Animals that possess a backbone or spinal column, including fish, amphibians, reptiles, birds, and mammals.

Reptiles

A group of cold-blooded vertebrate animals characterized by scales or scutes, laying shelled eggs, and breathing air, including snakes, lizards, crocodilians, and turtles.