What Are Some of the Matters Involving Fundamental Changes in the Corporation

question 71

Multiple Choice

What are some of the matters involving fundamental changes in the corporation and requiring shareholder approval?

• A)Amendments to articles of incorporation.
• B)Sale or lease of corporate assets in the regular course of business.
• C)Selection of a corporate president.
• D)Removal of the corporation's officers.
• E)All of the above.

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Definitions:

Negotiable Instruments

Financial documents promising payment to the holder, such as checks, bills of exchange, and promissory notes.

Referral Selling

A type of sales practice in which the purchaser supplies a seller with a list of friends or acquaintances and receives a benefit when sales are made to those people.

Purchaser Supplies

Materials or goods procured by the buyer directly for use in a service or production process.

Benefit

An advantage, privilege, or financial aid that is granted to an individual or group, often from an employer, government, or institution.