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Question 23 (1 point) Listen is/are responsible for managing the business of a corporation. 1) Investors 2) Shareholders 3) Incorporators 4) Organizers 5) The board of directors Question 2411 Listen An) is a business organization governed by a group of trustees who operate the trust for the beneficiaries. 1) joint enterprise 2) syndicate 3) business trust 4) S corporation 5) C corporation Question 26 (1 point) Listen When and where was the limited liability company first recognized as a form of business organization in the United States? 1) in 1952, in New York 2) In 1968, in Washington, D.C. 3) in 1969, in California 4) In 1977, in Wyoming 5) In 2002, in Florida + Legal & Ethical Enviror x d21/ms/quizzing/user/attempt/quiz_start_frame_auto d2l?u=2401655&isprv=8drc=0&=3064191&cfqi=0&dnb=0&fromQB=0 1 00.00 Manal Naqvi: Attempt 1 Question 27 (1 point) Listen > 3 Which of the following is a false statement regarding a manager-managed limited liability company (LLC)? 6 9 112 1) The managers of a manager-managed LLC have the apparent authority to enter into contracts on behalf of the LLC. 2) The managers of a manager-managed LLC have the actual authority to enter into contracts on behalf of the LLC. 3) In a manager-managed LLC, the members select a group of managers to manage the affairs of the company. 4) The managers of a manager-managed LLC must be selected from the members of the LLC. 5) The managers of a manager-managed LLC owe the LLC and its members the same fiduciary duties as the officers and directors of a corporation owe to the corporation and its shareholders. 15 18 21 Question 28 (1 point) Saved