Which of the following is false with respect to the distribution of assets following dissolution of a limited liability company?
A) Most statutes provide default rules for distributing the assets.
B) Generally, assets are distributed first to creditors, including members and managers who are creditors, except with respect to liabilities or distributions.
C) Generally, assets are distributed to members and former members in satisfaction of liabilities for unpaid distributions after distributions are made to creditors, including members and managers who are creditors.
D) Generally, assets are distributed first to creditors who are not members or managers.
D
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In a meeting to discuss pension plans, management decides to offer retirement plans exclusively to the organization's owners and top managers. Jeremy, one of the top managers, disagrees with this decision because he believes the company can benefit more by providing pensions to a broad range of employees. Which statement strengthens Jeremy's belief?
A. Pension plans are determined exclusively by state and federal laws. B. Extending pension plans to employees at all levels will triple the costs. C. The ADEA provides more favorable tax treatment of benefits when they are offered to a broad range of employees. D. A top-heavy plan requires faster vesting for non-key employees. E. Nondiscrimination rules provide tax benefits to plans that do not favor the organization's highly compensated employees.
In consultative sales, the customer's primary focus is a trustworthy:
A) product B) salesperson C) organization D) culture E) industry
Explain in general terms how defined benefit pension plans are funded.
What will be an ideal response?
Why is it necessary to avoid discriminatory language? List the guidelines that help in avoiding bias in a document