Sullivan and Taylor Want to Form a Corporation to Provide

question 16

Multiple Choice

Sullivan and Taylor want to form a corporation to provide catering services.The first step in the incorporation procedure is to

• A)file the articles of incorporation.
• B)hold the first organizational meeting.
• C)secure a corporate name.
• D)select a state in which to incorporate.

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Definitions:

Down-Sized

The process of reducing the size of a company or organization, usually through layoffs or reduction in workforce.

Synergy

The cooperative interaction among groups, especially when the result is greater than the sum of their individual effects or capabilities.

Leader Influence

The ability of a leader to guide the actions or opinions of others within a group or organization.

John Hersey

An American writer and journalist known for his works including "Hiroshima," a groundbreaking account of the atomic bomb impact.