The basic rules governing how a corporation is organized and how it conducts its business are known as _____.
A) corporate bylaws
B) articles of incorporation
C) certificates of organization
D) prospectuses

Question

Quizplus · Accepted Answer

Corporate bylaws are the written rules and regulations that govern the internal affairs of a corporation. They outline the organization's structure and management, procedures for holding meetings of shareholders and directors, voting rights and procedures, and other aspects of the corporation's operations. While articles of incorporation and certificates of organization are also important legal documents for establishing a corporation, they do not govern the day-to-day operations and management of the business in the same way that bylaws do. Prospectuses, meanwhile, are typically used in securities offerings to provide detailed information about a company's financial and operating performance, but they are not directly related to corporate governance.

The Basic Rules Governing How a Corporation Is Organized and How