The corporate charter is a document filed with the secretary of the state in which a firm is incorporated that provides information about the corporation, including its name, address, directors, and amount of capital stock.
Answer the following statement true (T) or false (F)
True
A corporate charter, which provides general information, including the name of the corporation, types of activities it will pursue, amount of stock that will be issued initially, and so forth, must be filed with the secretary of the state in which a firm incorporates. See 1-2: Alternative Forms of Business Organization
You might also like to view...
______ break(s) down words into their smallest units of meaning.
a. Syntax b. Semantics c. Morphemes d. Phonemes
Which of the following is a reason that a marketer would choose a penetration pricing strategy?
A) to ensure the company has the ability to increase prices once demand decreases B) to focus on the rapid achievement of profit objectives C) to appeal to different consumer segments with different levels of price sensitivity D) to create markets for highly technical products E) to discourage competition from entering the market
Arnie is a member of Bowling & Billiards, LLC, a limited liability company. Arnie can participate in the firm's management
a. only to the extent that he assumes liability for the firm's debts. b. only to the extent of his investment in the firm. c. to any extent. d. to no extent.
Which of the following is NOT an advantage the Internet provides for a firm's order placement process?
A) greater variety and better quality of products available B) cost reduction C) increase in revenue flow D) pricing flexibility E) global access