Set of rules made by corporation founders such as directors election procedure are classified as_________?
Correct answer: B. By laws
- A. Stock laws
- B. By laws
- C. Liability laws
- D. Corporate laws
Explanation
Bylaws are the corporation’s internal rules, covering matters such as electing directors, conducting meetings, and managing corporate procedures. Corporate laws are broader statutes imposed by the legal system, not rules drafted by the corporation itself.
Report an error
The more specific you are, the faster it gets fixed. A source beats an opinion.
Prefer email? support@testustad.com
About Business Finance
Business finance explains how organisations plan, obtain and use money while balancing risk, return and liquidity. Topics include financial statements, time value of money, budgeting, working capital, capital structure, sources of finance, investment appraisal and cost of capital. Capital budgeting evaluates long-term projects, whereas working capital manages day-to-day operations.
Practise Business Finance
975 free Business Finance MCQs from Management Sciences, each with the correct answer and an explanation. Unlimited attempts, no account needed.
Exams that ask Management Sciences questions like this
Management Sciences is on 2 papers prepared for on TestUstad, and all of them draw the same bank, so this question is worth knowing for every one of them.
More Business Finance questions
Legal entity separation from its legal owners and managers with help of state laws is classified as____________?
Notes, mortgages, bonds, stocks, treasury bills and consumer loans are classified as______________?
Set of rules consisting of behavior towards its directors, creditors, shareholders, competitors and community is considered as____________?
Price per share is $30 and an earnings per share is $3.5 then price for earnings ratio would be___________?
A technique uses in comparative analysis of financial statement is_________?
Net income available to stockholders is $150 and total assets are $2,100 then return on total assets would be_________?