When Combining Two REA Diagrams by Merging Common Entities,changes in the Cardinality

question 45

Multiple Choice

When combining two REA diagrams by merging common entities,changes in the cardinality of the merged entity is needed when it is a

• A)Agent
• B)Event
• C)Relationship
• D)Resource

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Definitions:

LLC Members

Individuals or entities that own an interest in a limited liability company and have rights and responsibilities outlined in the LLC's operating agreement.

Limited Liability Company

A corporate framework that merges the direct tax benefits of partnerships or sole proprietorships with the protective limited liability features of a corporation.

Member-Managed

A management structure for an LLC where all members participate in the decision-making processes directly.

Limited Liability Company

is a business structure that combines the pass-through taxation of a partnership or sole proprietorship with the limited liability of a corporation.