Corporations Are Formed in Accordance With

question 152

Multiple Choice

Corporations are formed in accordance with:

• A) The Model Business Corporation Act.
• B) Federal statutes.
• C) The laws of individual states.
• D) Federal trade commission regulations.

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Definitions:

Follower

A follower is an individual who supports and is guided by another person or by a group, often within the context of an organizational hierarchy or social movement.

Autonomous Groups

Teams that operate independently with the ability to make decisions without external control.

Enabling Groups

Groups or teams within an organization designed to provide support, resources, or empowerment to individuals or projects, facilitating success.

Friendship Groups

Informal social networks of individuals who share personal relationships and interests within or outside a workplace.