Members of Member-Managed LLCs and Manager-Managed LLCs Are the Same

question 43

Multiple Choice

Members of member-managed LLCs and manager-managed LLCs are the same in which of the following aspects?

• A) Control.
• B) Fiduciary duty.
• C) Liability.
• D) Whether the member is an agent of the LLC.

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Definitions:

Radcliffe‑Brown

A distinguished figure in anthropology, recognized for pioneering the comparative method in social anthropology and focusing on the study of social institutions.

Death Anxiety

The fear or apprehension concerning death and dying, which can impact an individual's behaviors, beliefs, and emotional well-being.

George Homans

An American sociologist known for his work in developing social exchange theory.

Medicalization of Death

Modern medicine defines illness and health procedures needed (for example, tonsil removal was fairly routine with children in the 1940s and 1950s because medical science deemed it so) and determines procedures for the dying, which may prolong or shorten life. Not unlike childbirth via convenient-for-the-doctor Caesarean sections, modern medicine somewhat controls when we die and can control premature deaths.