When a Corporation Is Incorporated,the Secretary of State Usually Issues

question 61

Multiple Choice

When a corporation is incorporated,the secretary of state usually issues a[n] ____,a document certifying that the corporation is incorporated in the state and is authorized to conduct business.

• A) Approval of incorporation
• B) Certificate of incorporation
• C) Authorization of incorporation
• D) Certification of legality
• E) Chronicle of legality

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Definitions:

Recession

A period of temporary economic decline during which trade and industrial activity are reduced, usually identified by a fall in GDP in two successive quarters.

Supply-Side

A macroeconomic theory arguing that economic growth is most effectively created by lowering taxes and decreasing regulation.

Economic Program

A set of coordinated policies and plans undertaken by a government or organization to achieve specific economic objectives.

New Deal

An array of initiatives, including public infrastructure projects, monetary policy changes, and regulatory measures, implemented by President Franklin D. Roosevelt in the 1930s in the United States to combat the effects of the Great Depression.