Which of the Following Is True of a Limited Liability

question 44

Multiple Choice

Which of the following is true of a limited liability company (LLC) ?

• A) It cannot sue or be sued in its own name.
• B) Investors of an LLC are able to share in management.
• C) Members are personally liable for the wrongful acts of other members.
• D) It cannot have more than 100 members.

---

Definitions:

Daniel Pink's Theory

A motivation concept arguing that autonomy, mastery, and purpose fuel individual performance better than traditional rewards.

Very Challenging Tasks

Tasks that are significantly demanding and require a high level of effort and skill to complete.

Mastery And Purpose

The intrinsic motivation that comes from the desire to develop competence in a specific area and pursue meaningful goals.

Empowerment

Providing individuals or groups with the authority, means, and confidence to make decisions and take actions that affect their work or life conditions.