Which of the Following Is True of a Member-Managed LLC

question 51

Multiple Choice

Which of the following is true of a member-managed LLC?

• A) Each member has equal rights in the management of the business of the LLC.
• B) The member with the highest capital contribution becomes the de facto manager of the LLC.
• C) Any matter relating to the business of the LLC is decided by a unanimous vote of the members.
• D) Shareholders are not allowed to decide matters relating to the business of the LLC.

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Definitions:

Instincts

Innate, biologically determined behavior patterns common to all members of a species that are driven by the need to survive and reproduce.

Coping Behavior

Actions and strategies that individuals use to manage stress and navigate difficult situations effectively.

Expressive Behavior

Actions or gestures that convey emotions or feelings to others.

Expressive Behaviors

Actions or reactions that reveal an individual's emotional state or feelings to others, often without the use of words.