Which of the following is true about managers of a manager-managed LLC?
A) Each manager has an equal right in the management of the company's business.
B) The managers have the power to amend the operating agreement.
C) Decisions must be made by unanimous consent of the managers.
D) Admitting new members can be done by the managers.
E) All manager decisions must be approved by a majority vote of the members of the LLC.
A
You might also like to view...
Which of the following stages of the family life cycle best describes young married couples with younger children under age 6?
A) empty nest I B) full nest III C) full nest I D) newly married couples
What MIS governance focus area puts structure around measuring business performance, such as a balanced scorecard, which uses both qualitative and quantitative measures?
A. Resource management B. Value delivery C. Performance measures D. Strategic alignment
Why would an expatriate manager be better in one situation but a host-country manager better in another?
What will be an ideal response?
Which transportation network design option uses a combination of other options to reduce the cost and improve responsiveness of the supply chain?
A) Direct shipping network B) Direct shipping with milk runs C) Shipping via DC using milk runs D) Tailored network