Which of the following is true of the liabilities of LLCs (limited liability companies)?
A) Members of LLCs are liable to the extent of their capital contribution.
B) Managers of LLCs are personally liable for the debts, obligations, and liabilities of the LLCs.
C) LLCs are not liable for any loss or injury caused by their employees.
D) LLCs are not liable for losses caused due to negligence of their managers during the ordinary course of business.
A
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Trying to keep a blank expression when hearing bad news would be an example of
a. masking. b. deintensification. c. neutralization. d. concealing.
[APPENDIX] A decrease in deferred taxes (liability) would appear on the statement of cash flows, prepared using the indirect method as a(n)
a. addition to net income in the operating activities category. b. deduction to net income in the operating activities category. c. inflow of cash in the financing activities category. d. outflow of cash in the financing activities category.
Fraud is common in:
a. Divorces b. Bankruptcies c. Both a and b d. Neither a nor b
A common problem with the use of an international product structure is that it creates a duplication of ______ experts.
Fill in the blank(s) with the appropriate word(s).