The Revised Act permits the board of directors to adopt certain amendments without shareholder action, unless the articles of incorporation provide otherwise. These amendments would include:

a. extending the duration of a corporation if it was incorporated when limited duration was required by law.
b. changing each issued and unissued authorized share of an outstanding class into a greater number of whole shares if the corporation has only one class of shares.
c. making minor name changes.
d. All of these.

d

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The Bankruptcy Reform Act of 2005 requires debtors to _______________ before filing.

A. Complete credit counseling B. Pay off as much debt as possible C. Pay secured creditors D. Review the requirements of chapter 13

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What are some of the possible threats facing the low-cost competitive position?

What will be an ideal response?

Business