The Members Can Elect One or More of Themselves to Manage

question 19

True/False

The members can elect one or more of themselves to manage the affairs of the LLC, or may appoint an outside manager.

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Definitions:

Corporate Profits

The residual income of a company after all expenses, including taxes and operating costs, have been subtracted from total revenue.

Equal Pay

The principle that individuals in the same workplace should be given equal pay for equal work, regardless of gender, ethnicity, age, or other categories of discrimination.

Discriminatory Hiring

Employment practices that unfairly favor or marginalize candidates based on attributes such as race, gender, or age rather than merit.

War Effort

The collective activities and endeavors of a nation or group to support and advance its cause during a time of war.