Which of the Following Is true in Regards to a Limited

question 214

Multiple Choice

Which of the following is true in regards to a limited liability company?

• A) Makes up 10% of business organizations in the United States.
• B) Combines the attributes of a partnership and a corporation.
• C) Provides tax and liability advantages to the owners.
• D) All are correct.

Grasp the value of management training in delivering both positive and negative feedback.

Discern between tangible and symbolic aspects of effective branding in attracting employees.

Understand the importance and methods of conveying employer branding.

Recognize the role of adequate explanations in reducing negative employee reactions.

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Definitions:

Business Judgment Rule

A principle that protects company directors and officers from liability for decisions made in good faith that are believed to be in the best interest of the company.

Shareholders

Shareholders are individuals or entities that own shares in a company, giving them certain rights, such as voting on corporate matters.

Self-Dealing Managers

Managers or directors of a company who engage in transactions that benefit themselves at the expense or detriment of the company or its shareholders.

Business Judgment Rule

A legal doctrine that protects corporate executives' decisions when made in good faith and believed to be in the best interest of the company.