1.Shareholder approval is required for certain fundamental corporate changes but isnotgenerally required for

a. amend the articles of incorporation or bylaws

b. conduct a merger

c. determine topics for corporate-wide ethics training

d. remove members of the board of directors

2.An LLC operating agreement may typically specify:

a. management and how future managers can be chosen or removed

b. how voting rights are apportioned among members

c. how business profits and loss will be apportioned among members

d. all of these

3.The limited liability company business structure offers:

a. great flexibility in choosing a management structure

b. favorable income tax options that can be used to avoid double taxation

c. liability protection for owners (members)

d. all of these

e. answers b. and c. only

e. answers a. and c. only