Which of the Following Is a Characteristic of a Limited-Liability

question 122

Multiple Choice

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

• A)An LLC's life is terminated at any member's choice or death.
• B)Each member of an LLC is liable only for his or her own actions.
• C)An LLC must have more than five members.
• D)The income of members from an LLC is not taxed.

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Definitions:

Integrative Negotiations

A negotiation approach focused on finding mutually beneficial solutions or outcomes for all parties involved.

Instrumental Interest

The pursuit of goals or objectives with a pragmatic and utilitarian approach, focusing on the usefulness or advantageous outcomes of actions.

Tangible Issues

Concrete, measurable matters that are directly observable or quantifiable, often discussed in negotiations or planning.

Mixed-Motive Negotiations

Mixed-motive negotiations involve situations where parties have some interests that are mutual and others that are opposing, requiring both competitive and cooperative strategies.