Corporate bylaws dictate firms behavior

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Reference no: EM13849820

Which of the following statements is CORRECT?

The corporate bylaws are identical for all firms incorporated in a particular state.

Corporate bylaws dictate a firm's behavior inside its home country and corporate charter outline rules for operating in foreign countries.

For a manufacturing firm, the company must be incorporated in the same state where its largest manufacturing facilities are located.

A new corporation is allowed to not have a charter in its initial transitional years.

The corporate bylaws deal with things such as procedures for electing the board of directors.

Reference no: EM13849820

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