Cumulative voting is a method of voting designed to allow minority shareholders representation on th
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(Points: 4)
an affirmative action defense.
a bona fide occupational qualification defense.
a business necessity defense.
no defense.
34.
Amy wants to go into the business of construction contracting. Among the reasons that would probably convince Amy to set up her business as a sole proprietorship would be
(Points: 4)
its greater organizational flexibility.
its limited liability.
its perpetual existence.
the ease of transferring the business to other family members.
37.
Sandy is a limited partner in Total Enterprises, a limited partnership. To avoid personal liability for partnership obligations, Sandy must not
(Points: 4)
acquire an interest in the firm.
contribute property to the firm.
engage in activities independent of the firm's business.
participate in the firm's management.
38.
Dan is considering forms of business organization for his financial advisory firm. Like most states, Dan's state requires that to form a limited liability company, he must file with a central state agency
(Points: 4)
articles of certification.
articles of formation.
articles of organization.
no specific documents.
39.
Web Services, LLC, is a member-managed limited liability company. If the law in Web's state is like the law in most states, unless the members have agreed otherwise, decisions are made by
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