Which of the following is true about a member of a manager-managed limited liability company (LLC)?
a. Lacks control and authority
b. Lacks limited liability
c. Has a duty of care
d. Has a fiduciary duty
a
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Acquisition and payment processes What are the five major phases of the acquisition and payment process?
Which stage of the interview process allows an organization to filter out applications that are not a good fit for the position?
A) Screening stage B) Selection stage C) Face to face interview stage D) Final evaluation stage E) Group interview stage
Nice International originally issued 105,000 shares of common stock at a price of $22 per share. A year later, it distributed a 12% stock dividend to shareholders. At the time of the stock dividend, the share price had increased to $27 per share. Which of the following statements is TRUE?
A) Nice will record sales revenues of $277,200. B) Nice will record a loss of $63,000. C) Nice will record a gain of $63,000. D) Nice will record neither a gain nor a loss.
Hannah's Homemade Cookies produces and sells delicious shortbread cookies. The cost of producing a bag of cookies is $.65 and the bag sells for $3.75. Hannah is considering processing all the cookies further by dipping them in chocolate. The additional processing costs would be $.50 per bag and the sales price of the chocolate-dipped cookies would be $4.20 per bag. If Hannah can sell 5,000 bags
of either type of cookie per year, which of the following statements is true if she chooses to process the cookies further? A) Net income would increase by $2,250 per year. B) Net income would decrease by $2,500 per year. C) Net income would decrease by $250 per year. D) Net income would increase by $15,250 per year.