CHAPTER 3 QUIZPURPOSEThis аssessment fulfills the fоllоwing оbjectives:MLO 2.1 Explаin the powers of а corporation and the laws that apply.MLO 2.2 Examine the governing board’s role in a corporationINSTRUCTIONSChoose the best answer for the following multiple-choice questions covering Chapter 3 of the textbook. You will have 30 minutes and only one attempt to complete the quiz. Please be prepared before you begin. The quiz must be completed once you begin.ASSIGNMENT WORTH 15 POINTS!