An FLLP is an abbreviation for

	a.	Farmers Limited Liability Partnership.
	b.	Family Limited Liability Partnership.
	c.	Feline Limited Liability Partnership.
	d.	Freakin Limited Liability Partnership.

Which of the following is a procedure required for a merger or consolidation

	a.	The officers of each corporation must approve.
	b.	The secretary of state must approve the plan by majority vote.
	c.	The board of directors of each corporation must approve the plan.
	d.	The shareholders may only vote by proxy.

Copyright pertains to

	a.	literary works or artistic productions.
	b.	novel inventions.
	c.	distinctive marks.
	d.	trade dress.

Members of limited liability companies are shielded from personal liability for the debts and obligations of the LLC.

True

False

Unless a limited liability company indicates otherwise, the Internal Revenue Service automatically taxes it as a partnership.

True

False

A limited liability company must be managed by nonmembers.

True

False

The results of a consolidation are not essentially the same as those of merger.

True

False

Generally, a corporation that purchases the assets of another corporation is automatically responsible for the liabilities of the selling corporation.

True

False

The state cannot dissolve a corporation under any circumstances.

True

False