Which of the Following If True Regarding Powers State Incorporation

question 13

Multiple Choice

Which of the following if true regarding powers state incorporation statutes typically grant to corporations?

• A)State incorporation statutes give corporations the power to make charitable contributions.
• B)State incorporation statutes expressly state the powers granted to corporations thereby negating the existence of implied powers.
• C)State incorporation statutes give corporations existence for up to 100 years.
• D)State incorporation statutes prohibit corporations from loaning money because that is within the realm of state banks recognized by the state banking regulatory authority.
• E)State incorporation statutes generally expressly give corporations only the broad authority to operate within the law to the benefit of stockholders resulting in most actions of corporations arising from implied powers.

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Definitions:

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Global Economy

The interconnected and interdependent nature of the world's economies, characterized by global trade, investment, and cultural exchange.

Environmental Practices

Activities and policies implemented by individuals, businesses, or governments aimed at minimizing negative impacts on the natural environment.

Human Resource Planning

The process of predicting and planning for future HR needs to ensure the organization has the right number of employees with the right skills at the right time.