Which of the Following Is True of an LLC

question 5

Multiple Choice

Which of the following is true of an LLC?

• A) An LLC is a creature of federal law.
• B) An LLC is regarded a separate legal entity.
• C) An LLC cannot hold title to or transfer property.
• D) The owners of an LLC are called general partners or specific partners.

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Definitions:

Group Technology Listing

A method of categorizing parts and processes into families based on similarities to optimize manufacturing efficiency.

Engineering Drawing

A precise and detailed technical illustration used to fully and clearly define requirements for engineered items.

Route Sheet

A document that outlines the sequence of operations, tools needed, and time required for each step in a manufacturing process, guiding the production of a specific part or assembly.

Wall Poster

A large printed picture, photograph, or notice intended to be hung on a wall as decor or advertisement.