Final Exam MGMT 303 - Final Exam MGMT 303 100 1 With...

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Final Exam MGMT 303 100% 1. With respect to LLCs, a member is someone who has management responsibility and unlimited liability for all debts. FALSE 2. f Frank, a dentist who is a member of a limited liability partnership (LLP), negligently harms Kathy while attempting to complete a root canal, what is the liability of the other members of the LLP? B. Only the supervising/general partners will be liable, if there are supervising partners. 3. Neville, a member of a protected class, applies for a job with Origami Paper Products Corporation, but fails the company’s employment test and is not hired. Neville believes that the test has an unintentionally discriminatory effect. If so, this is B. disparate-impact discrimination 4. The term employment at will means that: A. either party (employer or employee) may terminate the employment relationship at any time and for any reason or no reason, so long as the termination does not violate a statutory law or an employment contract 5. When someone is a whistleblower, what do they do? A. They tell government officials, upper management, or the press that their employer is engaged in an unsafe or illegal activity 6. If no fixed duration of the partnership is specified, the partnership is a partnership in perpetuity, which means that the partnership cannot be dissolved. FALSE 7. The owners of a limited partnership are legally known as: D. general and limited partners.
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