Most States Require a Limited Liability Company to Have at Least

question 17

True/False

Most states require a limited liability company to have at least two members.

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Definitions:

Premack Principle

A principle of reinforcement that states a more preferred activity can be used as a reward to reinforce a less preferred activity.

Theory X

A management theory assuming that employees are inherently lazy and will avoid work if they can, necessitating control and coercion by management.

Theory Y

A management approach that suggests employees are intrinsically motivated, enjoy their job duties, and work to better themselves without direct supervision.

Work Motivation

The intrinsic and extrinsic factors that energize, direct, and sustain an individual's work behavior and performance.