Unless a Limited Liability Company Has Specified Otherwise in Its

question 74

True/False

Unless a limited liability company has specified otherwise in its articles of organization, its duration is unlimited or at will, meaning that it has no specific term.

---

Definitions:

Contingency Table

A type of table used in statistics to summarize the relationship between several categorical variables, showing the frequencies at which certain combinations of variables occur.

Two-tail Test

A statistical test that determines if there are any significant differences between two population means or parameters, checking for deviations in two opposite directions from the null hypothesis.

Population Proportion

A statistic that represents the fraction of the population that has a particular characteristic or attribute.

Chi-squared Test

A statistical test used to determine the likelihood of an observed distribution of data differing from a theoretical distribution.