Card 51 / 54: Which of these statements about management and control of business organizations is not correct? (Assume that any default provisions of the RCW apply.)
A)
A limited partnership is managed by the general partner(s), or those having a "general partnership" role.
B)
A for-profit ("C") corporation is managed by its shareholders.
C)
A sole proprietorship is managed by the sole proprietor.
D)
A limited liability company is managed by its members, or by managers appointed by the members.
Answer:
B) A for-profit ("C") corporation is managed by its shareholders.
Previous Card | ← Previous Card Button |
Next Card | → Next Card Button |
Flip Card | Space-Bar |
|