Which of the Following Is True of a Manager-Managed LLC

question 25

Multiple Choice

Which of the following is true of a manager-managed LLC?

• A) Each member has equal rights in the management of the LLC.
• B) Members designate a manager or managers to manage the LLC.
• C) A designated manager or managers have little authority to manage the LLC.
• D) Members have the right to manager the LLC.

Evaluate the outcomes of economic policy decisions on different segments of the population.

Assess how changes in input costs (such as labor or raw materials) affect the market for finished goods.

Understand the relationship between changes in demand for products and the demand for resources used in production.

Recognize the impact of taxation, regulation, and technological advancements on market dynamics.

---

Definitions:

Central Executive

A component of working memory in cognitive psychology that controls and regulates cognitive processes, directing attention and managing tasks.

Working Memory

A cognitive system with a limited capacity, responsible for temporarily holding information available for processing and decision-making.

Short-Term Memory

The part of the memory system where information is stored for a short duration, typically a few seconds to a minute.

Semantic Memory

A type of long-term memory involving the recall of general facts, concepts, and knowledge about the world, distinct from personal experiences.