An operating agreement is adopted by members of a limited liability company

a. True
b. False
Indicate whether the statement is true or false


True

Business

You might also like to view...

Grant Enterprises is considering the introduction of a new product. The marketing and production departments have begun informal discussions about its design, production, and sales. List three examples of accounting information that the marketing and production managers would find useful in their meeting

Business

The U.S. government corporation that offers insurance against expropriations, currency inconvertibility and damages from wars or revolutions is the __________________ Corporation.

What will be an ideal response?

Business

What are the strategic aspects of inter-organizational collaboration that are important for partners to consider?

a. Assessing whether or not collaboration is a viable strategy to gain access to important resources b. Finding suitable partners and negotiating terms and conditions c. Implementing governance structures, processes and policies d. All of the above

Business

The Truth-In-Lending Act requires that consumers be told whether they can afford the debt they are considering incurring

Indicate whether the statement is true or false

Business