Which of the following is an example of a Business Document?

Study for the nCino 201 Retail Banking Functional Exam. Enhance your skills with flashcards and multiple choice questions, each with detailed explanations. Prepare thoroughly for your success!

A Business Document typically refers to a legal or formal document related to the operations or formation of a business entity. Articles of Incorporation specifically serve this purpose by officially establishing a corporation in compliance with state regulations. This document outlines essential details such as the business's name, purpose, registered agent, and the number of shares of stock that can be issued, making it a foundational element for any corporation.

In contrast, the other options do not fit the definition of a Business Document. Driver's Licenses and Proof of Identity are primarily personal documents used for identification, whereas Personal Financial Statements are more focused on individual or household finances rather than corporate structure or legality. These distinctions highlight why Articles of Incorporation is the appropriate choice thus illustrating the nature and significance of Business Documents in a corporate context.

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