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QUESTION 68 Only one of the boards of directors of the corporations involved must approve a merger. True False QUESTION 69 The Securities and Exchange
QUESTION 68 Only one of the boards of directors of the corporations involved must approve a merger. True False QUESTION 69 The Securities and Exchange Commission (SEC) requires companies to file certain information electronically so that it can be posted on the SEC's EDGAR database. True False QUESTION 70 Bright White LLC is solely owned and managed by Craig, David and Evan. They are deciding whether or not to purchase a new building for their office. Craig thinks he should have the deciding vote because he put up most of the money for the business. David thinks they should all have a vote-and majority wins. Evan thinks that they must unanimously agree on whether to purchase the building. Who is correct a. Craig b. none of the above because LLC's are always governed by elected managers, not by their owners. c. David d. Evan
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