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As a Result of the Passage of the 1984 Revised

question 46

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As a result of the passage of the 1984 Revised Model Business Corporation Act,it may be fair to state that


Definitions:

Dividends

Payments made by a corporation to its shareholders, usually derived from profits.

Research and Development

The investigative activities a business conducts to improve existing products and procedures or to lead to the development of new products and procedures.

Shareholders

Individuals or entities that own one or more shares of stock in a corporation, having proprietary interests and rights in the corporation.

Software Business

A commercial activity involved in the development, production, and sale of software products or services.

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