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

question 190

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 earnings of an LLC are subject to double taxation.

Recognize that innovation and creativity are critical and ongoing processes within successful organizations.

Grasp the basic steps in the process of organizational innovation and differentiate between creativity and feasibility determination.

Identify the issues facing organizations related to structural and strategic adaptation, internal integration, and external adaptation.

Appreciate the importance of clear mission statements and how they define the scope of a business.

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Definitions:

Melatonin

A hormone produced by the pineal gland in the brain, responsible for regulating sleep and wakefulness patterns.

Insomnia

A persistent disorder that impairs the ability to fall asleep or maintain sleep, affecting one's overall health and quality of life.

Blood Clots

Gel-like clumps of blood that form in the body, potentially blocking blood vessels and leading to medical conditions like stroke or heart attack.

Aspirin

A medication used to reduce pain, fever, or inflammation, known for its role in preventing blood clots.