The assets of a limited liability company are owned by the
A. designated member.
B. limited liability company itself.
C. limited liability company managers.
D. imited liability company members.
B. limited liability company itself.
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A U.S. export company scheduled to receive 1 million pounds six months from today can hedge its foreign exchange risk by
a. buying 1 million pounds in the forward market today for delivery in six months. b. buying 1 million pounds in the spot market for delivery in six months. c. selling 1 million pounds in the spot market for delivery in six months. d. selling 1 million pounds in the forward market today for delivery in six months.
Which of the following is most. likely to qualify as a driving force?
A. an increase in the prices of substitute products B. decisions on the part of industry's three biggest competitors not to pursue a strategy of striving to be the industry's low-cost leader C. decisions by one or more outsiders not to attempt to enter the industry D. successful introduction of innovative new products or new ways to market products E. increases in price cutting by rival sellers and the launch of major new advertising campaigns by one or more rivals
A person who finds abandoned property becomes its owner by possessing it
Indicate whether the statement is true or false
Which of the following is true of a company's agent situated in a foreign country?
A. An agent is not subject to the supervision of its parent company. B. An agent's authority is equal to that of the parent company. C. An agent has to be separately incorporated in the foreign country to be considered legal. D. An agent is not subject to the laws of the parent-nation.