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:

Thorndike

An American psychologist famous for his work on learning theory that led to the development of operant conditioning within behaviorism.

Latent Learning

Learning that occurs without any obvious conditioning or immediate display of behavior and manifests later when suitable.

Extinction

In psychology, the gradual weakening of a conditioned response that results in the behavior decreasing or disappearing.

Generalization

The ability to apply the lessons learned from specific instances to broader, similar situations without being explicitly taught for every situation.