Which of the Following Is a Recognized Advantage of an LLC

question 54

Multiple Choice

Which of the following is a recognized advantage of an LLC?

• A) Members are not personally liable for the LLC's debts and obligations.
• B) State LLC statutes are not uniform.
• C) A foreign LLC may not be treated the same as a domestic LLC.
• D) In a member-managed LLC, all decisions are made by a majority, which often causes delay in decision making.

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Definitions:

Pretend Play

Pertains to imaginative play where children create scenarios and roles, demonstrating creativity and the ability to symbolize abstract concepts.

Substage 6

The final phase of Jean Piaget's sensorimotor stage of cognitive development, where infants aged about 18-24 months start to develop symbolic thought and mental representation.

Sensorimotor Period

A stage in Jean Piaget's theory of cognitive development, where infants learn through interacting with their environment using their senses and motor actions.

Search for an Object

A cognitive milestone in child development where a child learns that objects continue to exist even when they are not seen, leading to behaviors such as looking for hidden objects.