45. Corporate charters specify the rights and responsibilities of all of the fol

Question

45. Corporate charters specify the rights and responsibilities of all of the following EXCEPT: a. Directors b. Stockholders c. Officers d. Consumers 46. The legal authority for corporate managers and directors is derived from the a. Corporate charter b. Board of directors c. Stockholders d. CEO 47. Rules of corporate governance adopted by corporations are called: a. Policies b. Articles of incorporation c. Bylaws d. Standing rules 48. Which state charters the largest number of corporations in the United States? a. Delaware b. New Jersey c. California d. New York 49. What is the main focus of the Dodd-Frank Act a. Financial reform b. Protected speech c. Racial harassment d. Tort reform 50. which of the following is a major duty that state incorporation laws impose on boards of directors? a. To exercise due diligence in supervising shareholders. b. To represent the interests of stockholders by conducing a profitable businessthat enhances share value. c. To make day-to-day management decisions d. To put their own self-interests ahead of the shareholders.

Explanation / Answer

45. The correct answer is option d.

Corporate charter is nothing but the articles of incorporation that is used to establish a corporation legally. This include name of business, name of the members of board of directors, address of business and registered agent's name.

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