Members of a limited liability company (LLC) can stipulate in their operating agreement how managers will be chosen or removed

Indicate whether the statement is true or false


True

Business

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Royal Properties, Inc., mails a flyer to hundreds of firms, advertising a building for sale. Standard Manufacturing Company responds by saying, "We accept your offer." Between Royal and Standard, there is

A. a contract for the sale of the building. B. a contract to consider the offer before any others. C. a contract to negotiate a sale of the building. D. no contract.

Business

The six factors of competitive advantage are quality, price, location, selection, service, and speed/turnaround.

Answer the following statement true (T) or false (F)

Business

Airfreight

A. can reduce the cost of preparing goods for distribution. B. serves many more locations than trucks. C. can help reduce inventory costs. D. efficiently delivers all types of goods. E. has rates one third the rates of trucks.

Business

Given the following cash flows, what is the future value at year ten when compounded at an interest rate of 12.0%?

Year 0 1 5 10 Cash Flow $4,000 $3,000 $2,000 $1,000 A) $10,000.00 B) $25,267.31 C) $31,864.17 D) $11,948.32

Business