The Bylaws of a Corporation

question 29

Multiple Choice

The bylaws of a corporation:

• A) usually set up procedures for the holding of shares.
• B) do not involve financial matters such as declaring and paying dividends.
• C) usually set out the duties and authority of the officers and the conduct of meetings.
• D) need not be consistent with state laws or the articles of incorporation.

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Definitions:

Proximal Goal

A short-term objective set to be achieved in the near future, contributing towards reaching a broader, long-term goal.

Behaviourist School

A psychological approach focusing on observable behaviors and external stimuli, often excluding internal thoughts and feelings from its analysis.

Reward and Punishment

Incentive-based approaches used in various settings, including workplaces and schools, to encourage desirable behaviors (reward) and discourage unwanted ones (punishment).

Contingencies

Potential events or circumstances that could occur and affect the execution of plans or operations, requiring planning for various scenarios.