Question

A corporate charter: Multiple select question. names the board of directors. specifies the number of shares outstanding. is required only for publicly-traded corporations. describes the business activities. specifies the shares of stock to be issued.

Answer 1

The document called a corporate charter serves a formal purpose as its:

• names the board of directors.
• specifies the shares of stock to be issued.
• describes the business activities.

What is a corporate charter?

It is a formal document that is required to be filed with the Secretary of State or registrar in order to establish a company as a corporation.

Hence, these document contains the names the board of directors, specifies the shares of stock to be issued and describes the business activities for formal purpose.

Therefore, the Option C, D and E is correct.

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