Which of the Following Statements Best Describes Articles of Incorporation

question 54

Multiple Choice

Which of the following statements best describes articles of incorporation and bylaws?

• A)The corporate bylaws are a standard set of rules established by the state of incorporation. These rules are identical for all corporations, and their purpose is to ensure that the firm's managers run the firm in accordance with government laws.
• B)Companies must establish a home office in a particular province, and that province must be the one in which most of their business is conducted.
• C)Attorney fees are generally involved when a company develops its articles of incorporation and bylaws, but since these documents are voluntary, a new corporation can avoid these costs by deciding not to have any.
• D)The articles of incorporation are concerned with things like what business the company will engage in, whereas the bylaws are concerned with things like procedures for electing the board of directors.

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Definitions:

One Ovum

A single egg cell produced by female reproductive systems; essential for sexual reproduction.

One Sperm

A single male gamete or reproductive cell that combines with the female gamete to form a zygote in sexual reproduction.

Zygotes

The initial cell formed when a new organism is produced by sexual reproduction, resulting from the fusion of an egg and a sperm cell.

Gene Pair

Two genes that occupy the same position on homologous chromosomes and control the same inherited characteristic.