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choli [55]
3 years ago
14

Under the Uniform Limited Liability Company Act (ULLCA), managers in a manager-managed LLC owe fiduciary duties, such as the dut

y of loyalty and the duty of care, to the LLC and its members just as corporate directors and officers owe fiduciary duties to the corporation and its shareholders.
True or False?
Business
2 answers:
Ivahew [28]3 years ago
4 0

Answer:

True

Explanation:

The reason is that all the management owe fiduciary duties towards the shareholders and the corporation as well because the managers are acting as an agent and their principal is shareholders are principal so the agent must act in the best interest of the principal and shareholder's best interest here is long term success of the company with no fraudulent activities in the company. This law protects the shareholders by stating that management owe fiduciary duty to shareholders which is a true statement.

Anit [1.1K]3 years ago
4 0

Answer:

True

Explanation:

A limited liability company (LLC) is basically the best of both worlds, it provides limited liability to the owners and at the same time is manage similarly to a partnership.

The Uniform Limited Liability Company Act (1995) established a set of common rules since LLCs operate under state statutes, and states actually had different statues regarding LLCs. One of the issues included in the ULLCA was that each member of the LLC owes the other members the following duties:

  1. Fiduciary duty
  2. Duty of care
  3. Duty of fair dealing and good faith

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A soft-drink machine is regulated so that it dischargesan average of 200 milliliters per cup. If theamount of drink is normally
Fiesta28 [93]

Answer:0.0548

Explanation:

Let x denotes the random variable that represents the  amount of drink in cups.

As per given , we have

\mu=200   \sigma=15

Since z=\dfrac{x-\mu}{\sigma}

The z-value corresponds to x=224

z=\dfrac{224-200}{15}=1.6

Required probability :

P-value : P(x>224)=P(z>1.6)=1-P(z

=1- 0.9452007=0.0547993\approx0.0548

Hence, the fraction of the cups will contain more than 224 milliliters = 0.0548

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Answer:

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3 years ago
Wesley has recently graduated and accepted his dream position with a law firm. The human resources team has requested that he tu
artcher [175]

Answer:

The name of the document is Curriculum Vitae.

Explanation:

Curriculum Vitae  (CV) is a document that provides detail information about an individual's educational and work history. In this document, you list the qualifications to apply for employment.

There are no fixed rules on the length and content of a C.V. Generally it follows the next structure. Begin with your contact information, such as your complete name, address, telephone number, and email address. You must also indicate your area or areas of academic interest. It should include a personal profile, career objective, and professional profile, it’s a short paragraph giving prospective employers an overview of who you are and what you’re all about.

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3 years ago
This type of pay is defined as added pay for employees that have reached the maximum of a pay grade and are unlikely to move int
Anna71 [15]
The answer is <span>longevity pay.</span>
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3 years ago
Assume that the market is perfectly competitive. If the cost function for John's Shoe Repair is �(�) = 100 + 10� − �) + 3 4 �4,
kirill [66]

Answer:

Explanation:

C(q) = 100+10q-q^2+(1/3)q^3

To find the firm marginal cost function:

Take the derivative with respect to q

MC = 10 - 2q + q^2

Assuming that the market price is p , then the profit maximising condition is:

MR = MC

p = 10 - 2q + q^2

The short-run supply curve is the marginal cost curve that lies above the average variable cost.

The average variable cost is:

AVC =VC/Q

AVC = (10q-q^2+(1/3)q^3)/Q

AVC = 10 - q + (1/3)*q^2

So, the short-run supply curve is:

SRS = 10 - 2q + q^2 if p > 10 - q + (1/3)*q^2

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