A client is starting a new business venture and has asked you to incorporate a company. The proposed company will have ten shareholders. As you are taking instructions, you ask your client about what type of internal rules the company will have. Your client responds by asking, "what are the options? Group of answer choices 

Internal rules are an optional extra. 

A company's internal management may be governed by the replaceable rules, by a constitution, or by a combination of both.

A company's internal management is determined by its articles and memorandum of association. 

There is insufficient information to answer the question.