Mark Wants to Incorporate

question 122

Multiple Choice

Mark wants to incorporate.Which one of the following statements is correct with regard to incorporating in Nova Scotia?

• A) Articles of incorporation is the document used to incorporate the company.
• B) These are "letters patent" jurisdictions.
• C) The documents to be sent to the registrar of companies are called the "memorandum" and the "articles."
• D) The "objects" of the company must be set out in the charter document so that the shareholders understand the limits on the capacity of the corporation.
• E) You can't incorporate a closely held company in these jurisdictions.

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Definitions:

Referent Power

A form of influence derived from being admired, respected, or identified with, often because of personal attributes or associations.

Informal Structure

The network of personal and social relationships that arise naturally within an organization, contrasting with the formal organizational structure.

Politicking

The practice of engaging in political tactics or maneuvering within an organization to gain advantage or support.

Performance-based Data

Information or metrics collected based on the actual performance of individuals, groups, or systems.