A(n) ________ Is a Clause That Can Be Included in the Articles

question 49

Multiple Choice

A(n) ________ is a clause that can be included in the articles of incorporation that stipulates the activities that the corporation can engage in. The corporation can engage in no other purposes or activities.

• A) ultra vires clause
• B) dissolution clause
• C) general purpose clause
• D) limited purpose clause

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Definitions:

Prescriptive Contingency

A management approach that suggests specific actions to be taken in certain situations, based on the contingent nature of the environment.

Descriptive Contingency

This refers to the assertion that there is no one universally applicable set of management principles (by structure or strategy), but that it depends on various external and internal constraints.

Descriptive Theories

Theories that explain and understand phenomena by describing patterns, behaviors, and relationships.

Effective

The degree to which something is successful in producing a desired or intended result; efficiency in achieving goals.