Regarding a "manager-managed" limited liability company:
A) the manager must be a member.
B) there can only be one manager.
C) a manager must be appointed by a vote of the majority of members.
D) members who are not managers may participate in the management of the business, but managers have final decision-making authority.
E) a manager has more liability for company debts than does a member.
Correct Answer:
Verified
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