Which of the Following Statements Is Correct

question 53

Multiple Choice

Which of the following statements is correct?

• A) The corporate bylaws are the set of rules drawn up by the state to enable managers to run the firm in accordance with state laws.
• B) Procedures for electing corporate directors are contained in bylaws while the declaration of the activities that the firm will pursue and the number of directors are included in the corporate charter.
• C) Procedures which govern changes in the bylaws of the corporation are contained in the corporate charter.
• D) Although most companies design a charter,only the bylaws are legally required to be filed with the secretary of state in order for a corporation to be in official existence.

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Definitions:

Margin of Error

An indicator of the precision of an estimate, representing the maximum likely difference between the observed sample statistic and the true value of the population parameter.

Confidence Level

The probability, expressed as a percentage, that the result of a statistical test will fall within the specified confidence interval.

Plus Four Estimate

A technique used in calculating confidence intervals for proportions where four is added to the number of successes and failures each before calculating the proportion.

Autoxidation

A process involving the oxidation of substances by atmospheric oxygen, often leading to gradual degradation.