The Revised Act Permits the Board of Directors to Adopt

question 23

Multiple Choice

The Revised Act permits the board of directors to adopt certain amendments without shareholder action,unless the articles of incorporation provide otherwise.These amendments would include:

• A)extending the duration of a corporation if it was incorporated when limited duration was required by law.
• B)changing each issued and unissued authorized share of an outstanding class into a greater number of whole shares if the corporation has only one class of shares.
• C)making minor name changes.
• D)All of the above.

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Definitions:

Subordinates

Individuals who report to and are under the supervision of someone with higher authority within an organizational hierarchy.

Formal Hierarchy

An organizational structure where roles and responsibilities are clearly defined, ranked, and allow for direct lines of authority and command.

Distributed Leadership

describes a leadership approach where control and decision-making are spread among group members rather than centralized in a single leader.

Team Members

Individuals who are part of a group collaborating towards a common goal, each contributing with their unique skills and abilities.