1. The basic regulatory framework in the United States was provided by:
a. The Securities Act of 1933.
b. The Securities Exchange Act of 1934.
c. The monetary system.
d. A and B.
e. All of the above.
2. The bylaws:
a. Establish the name of the corporation.
b. Are rules which apply only to limited liability companies.
c. Set forth the purpose of the firm.
d. Mandate the procedure for electing corporate directors.
e. Set forth the procedure by which the stockholders elect the senior managers of the firm.