35) Which of the following is not a part of the winding up process? A) Discharge of the partnership debts. c) Closing the partnership's business B) Dissolution of the partnership. D) Distribution of the net proceeds to the partners. 36) Corporate officers are A) appointed or elected by the board. B) elected by the shareholders. C) elected by the shareholders and ratified by the board. D) appointed by the board and ratified by the shareholders 37) Typically, day-to-day decision making in a manager-managed LLC is performed by A) the top 10 percent of the principal investors B) its board of directors. C) its managing members. D) the individual principal who filed the initial paperwork to form the business. 38) Under TARP provisions, A) shareholders have no right to vote on compensation. B) shareholders have more say on compensation of directors and officers C) restrictions are imposed on compensation of officers, but not on their bonuses D) restrictions are imposed on bonuses of officers, but not on their compensation. 39) The origins of LLPs were rooted in protection of A) private service firm partnerships. 13) professional service firm partnerships al service firm sole proprietorships. D) private service firm sole proprietorships