Examlex

Solved

Agents of an LLC Are Not Permitted to Enter into Contracts

question 73

True/False

Agents of an LLC are not permitted to enter into contracts on behalf of the LLC.


Definitions:

External Equity

The fairness of an employee's compensation as compared to what others in the external job market are receiving for similar work.

Job-Based Pay

A compensation strategy that determines an employee's salary based primarily on the specific job or position they hold.

Competency-Based Pay

Pay based on an employee’s skill level, variety of skills possessed, or increased job knowledge

Hay Profile Method

A job evaluation technique using three factors—knowledge, mental activity, and accountability—to evaluate executive and managerial positions.

Related Questions