Question

Acme Co. has just completed the incorporation process and received its articles of incorporation from the state. At the first organizational meeting of the new company, the officers' most important task is to: a. adopt bylaws. b. create a hiring policy. c. determine the details of the stock sale. d. amend the articles of incorporation.

Answer 1

Acme Co. has just completed the incorporation process and received its articles of incorporation from the state. At the first organizational meeting of the new company, the officers' most important task is to: adopt bylaws

Explanation:

Bylaws refer to those that are to be included by any firm by the directors of the firm in the board meeting that is conducted for the first time. It is the thing that acts as the guidelines for the operations of a firm that is lawful in nature. It is the set of rules under which the firm must operate legally.

Some of the important things that must be included in each set of bylaws includes  the name, purpose and location of the company, Members and Board of Directors, Committees, meetings, officers, conflict of Interests, amending Bylaws ,etc. In the given example, the incorporation process was just completed by Acme Co. and in the first organisational meeting the most important task that must be carried out must be adopt bylaws.