Which of the Following Actions Determines When a Corporation Comes

question 73

Multiple Choice

Which of the following actions determines when a corporation comes into existence?

• A) The charter is obtained from the federal government.
• B) The incorporators pay fees, sign the charter, and file required documents with the state.
• C) The first share of stock is issued.
• D) The corporate bylaws are written.

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Definitions:

Federal Government

The national government of a federal state, which operates in conjunction with regional governments.

Fiscal Policy

Government policy regarding taxation and spending to influence the economy.

Monetary Policy

The process by which a central bank, currency board, or other regulatory authority manages the supply of money in an economy, primarily through interest rates to achieve macroeconomic objectives like inflation, consumption, growth, and liquidity.

Money Supply

The total amount of monetary assets available in an economy at a specific time, including cash, coins, and balances held in checking and savings accounts.