Which of the Following Is True About the Creation of a Corporation

question 28

Multiple Choice

Which of the following is true about the creation of a corporation?

• A) It is created under federal law.
• B) It created under state law.
• C) The formal application for a corporate charter is called the articles of association.
• D) It is regulated only by local statutes.
• E) Corporations are inexpensive to form.

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Definitions:

NLRB

The National Labor Relations Board, a federal agency in the United States that oversees labor practices, ensuring workers' right to organize and decide on union representation.

Representation Election

A voting process conducted, typically under the auspices of a labor relations board, in which employees decide whether or not they wish to be represented by a union.

Formal Role

The officially designated responsibilities and duties associated with a job or position within an organization.

NLRA

The National Labor Relations Act, a foundational statute in United States labor law which protects the rights of employees to engage in collective bargaining and to unionize.