The operating agreement of a limited liability company may be oral. O True 0 False Which of the following is a defense to a charge of monopoly? A. natural monopoly B. predatory pricing C. the Noerr doctrine D. conscious parallelism The duty of care for managers and members of a limited liability company (LLC) includes the duty not to usurp the LLC's business opportunities. A. True B. False Generally Accepted Auditing Standards (GAASs) are established by the American Institute of Certified Public Accountants. A. True B. False The Model Business Corporation Act (MBCA) establishes standards of conduct for which (if any) of the following parties? O A. directors only B. officers only C. neither directors nor officers D. both directors and officers