Mark Wants to Incorporate

question 118

Multiple Choice

Mark wants to incorporate. Which one of the following statements is correct with regard to incorporating in Nova Scotia?

• A) These are "letters patent" jurisdictions.
• B) The documents to be sent to the registrar of companies are called the "memorandum" and the "articles."
• C) You can't incorporate a closely held company in these jurisdictions.
• D) The "objects" of the company must be set out in the charter document so that the shareholders understand the limits on the capacity of the corporation.
• E) Articles of incorporation is the document used to incorporate the company.

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Definitions:

Output

The total amount of goods or services produced by a firm or country.

Demand

How much of a good or service that consumers can and want to buy, influenced by differing price levels.

Economic Profit

The difference between total revenues and total costs, including both explicit and implicit costs, representing the surplus generated from economic activities.

Technological Change

A change in the methods, equipment, and software used by a society, improving efficiency, productivity, and quality of life.