One of the Basic Principles of Corporation Law Is That

question 18

Multiple Choice

One of the basic principles of corporation law is that:

• A)shareholders are not free to dispose of their shares by gift.
• B)shareholders are given the authority to manage the business.
• C)majority rule applies to both shareholder and director action.
• D)majority rule applies only to director action.

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Definitions:

Corporate Philosophy

The fundamental values, beliefs, and principles that guide an organization's decision-making and behaviors, shaping its culture and identity.

Bureaucratic Organization

A formal organizational structure characterized by a clear hierarchy, strict rules, and specialized roles, often found in governments and large corporations.

Flatter Organization

An organizational structure with fewer hierarchical levels, encouraging more direct communication and collaboration.

Sports Psychology

Studies the psychological aspects affecting performance and participation in sports and physical activity, aiming to understand and improve mental health, motivation, and performance.