Because the Articles of Incorporation Embody the Basic Contract Between

question 52

Multiple Choice

Because the articles of incorporation embody the basic contract between a corporation and its shareholders,shareholders must approve most changes in the articles.Which of the following is an example of "such changes" in the article?

• A)Place of shareholder meeting
• B)Increase in the number of authorized shares
• C)Amount of annual dividend
• D)Date of shareholder meeting

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Definitions:

Psychological Contract

The unwritten, implicit set of expectations and obligations between an employer and an employee regarding the terms of their working relationship.

Withdrawal

An action or set of actions employees take to distance themselves from their job, such as absenteeism, quitting, or seeking transfers, often due to dissatisfaction.

Destructive Stress

Excessive stress that negatively impacts an individual's mental or physical health, potentially leading to burnout or other health issues.

Reduced Performance

This refers to a situation where output or efficiency is below expected or previously achieved levels.