Which of the Following Is True About an LLC

question 41

Multiple Choice

Which of the following is true about an LLC?

• A)The structure of management must adhere to statutory constraints.
• B)Generally,each member may be allowed to participate in the management of the company
• C)Members are not equally involved in the management of the company.
• D)To obtain limited liability,owners must give up some of their rights to participate in management.
• E)Owners are referred to as partners.

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Definitions:

Knowledge Retention

The process by which organizations preserve critical information and skills within their workforce, despite changes or turnover.

Orientation

The process of acquainting new employees with their roles, the organization's culture, and policies, aimed at facilitating their adaptation and productivity.

Self-Development

The process of working on one's own abilities and qualities in order to improve personal capabilities and potential.

Skill Improvement

The process of enhancing or acquiring new abilities and competencies, often through practice, training, or education.