Perfect Tone Phones, Inc., is a corporation. Perfect Tone's implied powers enable it to

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Implied powers refer to those powers that are not specifically stated in the corporation's articles of incorporation or bylaws but are necessary to carry out its express powers. Perfect Tone Inc. has implied powers to borrow funds, extend credit, and make charitable contributions as these are necessary to carry out its express power of conducting business operations. The other options, such as amending the articles of incorporation, bringing a derivative suit, and declaring dividends, are not implied powers but rather explicitly stated powers of a corporation.