Mike Is Planning on Incorporating His Business in the State

question 11

Multiple Choice

Mike is planning on incorporating his business in the state of Delaware.Which of the following regarding the name of Mike's business is TRUE?

• A)He will be able to use the words "Association" or "Institute" in his company name.
• B)He will not be able to use abbreviations (such as Inc.or Corp. )in his company name.
• C)His company name will not have to include one of the following words: Corporation,Incorporated,Company or Limited.
• D)His company name can be the same as another corporation that already exists in Delaware.

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Definitions:

Property

An attribute or characteristic of an object, element, or entity, often used in programming to store and manipulate data.

Number Field

A data field designed to contain numerical entries, often used in databases and forms to ensure data consistency and facilitate calculations.

Store Values

A concept in programming where data is saved in a variable or a data storage location.

Money

A medium of exchange in the form of coins and banknotes; used to facilitate transactions for goods and services.