Which of the Following Is TRUE of a Limited Liability

question 91

Multiple Choice

Which of the following is TRUE of a limited liability company?

• A) A limited liability company is not obligated to file the articles of organization with the state.
• B) The owners of a limited liability company are personally liable for the business's debts.
• C) A limited liability company can elect not to pay business income tax.
• D) The owners of a limited liability company cannot participate actively in management of the business.

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Definitions:

Change Leadership

The ability to influence and inspire action in others towards achieving organizational transformations and adapting to new challenges.

Status Quo Management

A management approach focused on maintaining existing conditions and avoiding change.

Change Leaders

Individuals who actively guide, influence, and ensure the successful implementation of change processes within an organization.

Political Manoeuvring

The strategic movement or actions within a political or organizational context to gain advantage or influence decisions.