sort Table Shape 6. What might be considered a disadvantage in selecting an LLC entity Tax treatment flexibility b. Limited liability protection Member investors may be foreign nationals d. None of the above 7. Koch Industries ("Koch") is a dosely held 'Scorp' that meets the qualifying requirements of the Internal Revenue Code. Koch's Board of Directors hold a special meeting to consider options to raise funds for future growth. Which of the following actions might put Koch's sub-chapter Stax treatment election at risk with the 15: a. b. Koch issues shares to 200 new shareholders. Koch authorizes a second class of stock. Koch adds a foreign national shareholder/investor All of the above C d. 8. Estefania, Jenna and Alma intend to form a corporation. Which of the following is the last step in this process: a file articles of incorporation in selected state. hold board of director meeting b. . secure corporate name. hold shareholder meeting d. 9. Paula and Nancy form Delite Day Care, Inc. Ultimate responsibility for policy decisions necessary to guide corporate operations will reside with Peles board of directors b. senior management officers and senior executives shareholder owners. Body* Cal Thank a 38. The Age Discrimination in Employment Act ("ADEA) prohibits employment discrimination on the basis of age. Which is not an essential element to be established by the employee/plaintiff for the ADEA to apply The employee must be forty years of age or older. The employee must be qualified for the position for which he or she was discharged. The plaintiff employee must show that unlawful discrimination was the reason for the adverse employment action. b. C 12 d. The employee was replaced by a worker outside the protected class" (under the age of 40). 39. Future Products holds a worldwide market share over 75 percent and dominates the market for its product. Futures actions to maintain or preserve its market power may be subject to evaluation under . ple lity, a b the Clayton Act the Federal Trade Commission Act. Section 1 of the Sherman Act. Section 2 of the Sherman Act. C d. swe loyn nder nswe ployn bender I U & > 0 8 9