Chocolate Sundry LLC's members and managers are Devlin, Effie, and Flavia. After Devlin's relationship to the firm ends, Effie and Flavia agree to discontinue the business. This is
A. illegal.
B. optional.
C. required.
D. wrongful.
Answer: B
You might also like to view...
Which of the following is not a decision that external stakeholder's of a company's financial information would make?
A) whether or not to extend credit to the company B) whether or not to hold the company's stock C) whether or not the company should add a new product line D) whether or not to ask for an increase in employees' benefits during union contract negotiations
If you want to immediately engage your audience in a presentation, what technique should be used?
A) Quotes B) Handouts C) Questions D) Podcasts E) Surprising facts
The profit margin ratio ________
A) focuses on the liquidity of the business B) is computed by dividing net sales by net income C) shows how much gross profit a business earns on every $1.00 of sales D) is often compared to the industry average
The most common method of discharging a negotiable instrument is by
a. bankruptcy. b. payment. c. alteration. d. cancellation.