Nestle and General Mills created Cereal Partners Worldwide to compete effectively in the European market. Cereal Partners Worldwide is owned equally by the two firms, so CPW is an example of a(n) ________

Some totalitarian regimes have fostered a market economy and strong property rights protection and have experienced rapid economic growth.

a. true b. false

____________________ - contains provisions relating to management, how profits will be divided, the transfer of membership interests, whether the LLC will be dissolved on the death or departure of a member, and other important issues.

Fill in the blank(s) with the appropriate word(s).