Which of the following statements is true of corporate bylaws?

(A) Procedures for electing corporate directors are contained in corporate bylaws.

(B) Procedures that govern changes in corporate bylaws are contained in the corporate charter.

(C) Corporate bylaws are a set of rules drawn up by the state to enable managers to run the firm in accordance with state laws.

(D) To open their doors and start their operations, corporations are legally required only to file their bylaws with the appropriate agency in the state where they incorporate.

(E) The declaration of the activities that a firm will pursue and the number of directors are included in the corporate bylaws.

Question

Business

Amaya Stewart

10 December, 15:10

Which of the following statements is true of corporate bylaws?

(A) Procedures for electing corporate directors are contained in corporate bylaws.

(B) Procedures that govern changes in corporate bylaws are contained in the corporate charter.

(C) Corporate bylaws are a set of rules drawn up by the state to enable managers to run the firm in accordance with state laws.

(D) To open their doors and start their operations, corporations are legally required only to file their bylaws with the appropriate agency in the state where they incorporate.

(E) The declaration of the activities that a firm will pursue and the number of directors are included in the corporate bylaws.

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Answers (1)

Know the Answer?

Charlie Hampton · Answer 1

A) Procedures for electing corporate directors are contained in corporate bylaws.

Explanation:

The corporate bylaws are not identical for all firms incorporated in a particular state. the corporate bylaws do not dictate a firm's behavior inside its home country and corporate charter outline rules for operating in foreign countries. for a manufacturing firm, it is not necessary that the company must be incorporated in the same state where its largest manufacturing facilities are located.