Asked by Keuntis Thompson on Jun 26, 2024
Verified
Which of the following refers to the set of rules that a corporation adopts at its first organizational meeting to govern the management of the corporation?
A) Prospectus
B) Corporate charter
C) Articles of organization
D) Bylaws
Bylaws
A set of governing rules adopted by a corporation or other association.
Organizational Meeting
An initial gathering designed to establish the structure or operation of an organization, committee, or project.
Corporation Adopts
The process through which a corporation formally adopts policies, procedures, or changes in structure.
- Recognizing the legal documentation that governs the management and operational policies of a corporation, like bylaws and corporate charters.
Verified Answer
HC
Hanna CortezJul 02, 2024
Final Answer :
D
Explanation :
Bylaws are the set of rules adopted by a corporation at its first organizational meeting to govern the management of the corporation. These rules outline the corporation's operational procedures, including the process for electing directors, conducting meetings, and other corporate governance matters.
Learning Objectives
- Recognizing the legal documentation that governs the management and operational policies of a corporation, like bylaws and corporate charters.
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