Limited liability companies are guided by an operating agreement

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


True

Business

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Which of the following is the most appropriate media for a manager advising employees of a revision to the company's bonus structure?

A. E-mail to all those affected. B. Telephone call to each. C. Posting an announcement near the office coffee machine. D. Face-to-face meeting. E. Personal note to each.

Business

Debra Technologies invests $68,000 to acquire $68,000 face value, 10%, five-year corporate bonds on December 31, 2010

The bonds will mature on December 31, 2015. The bonds pay interest semiannually on December 31 and June 30 every year until maturity. Assume Debra Technologies uses a calendar year. Based on the information provided, which of the following will be included in the journal entry for the transaction on December 31, 2014? A) a credit to Interest Revenue for $6,800 B) a debit to Interest Revenue for $6,800 C) a credit to Interest Revenue for $3,400 D) a debit to Interest Revenue for $3,400

Business

Which of the following is not a potential pitfall of a differentiation strategy?

A. Uniqueness that is not valuable. B. The price premium is too high. C. Perceptions of differentiation may vary between buyers and sellers. D. All rivals share a common input or raw material.

Business

Net profit after taxes is ________

A) gross profits minus operating expenses B) sales revenue minus cost of goods sold C) EBITDA minus interest D) EBIT minus interest and taxes

Business