A Supertype Is a Generic Entity Type That Has a Relationship

question 58

True/False

A supertype is a generic entity type that has a relationship with one or more subtypes.

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Definitions:

Tax Reasons

Considerations related to the management of tax liabilities and strategic financial planning to minimize taxes owed.

Limited Liability Company

An organizational model that integrates the tax treatment of a partnership or sole proprietorship with the benefit of limited liability offered by a corporation.

Establish

To set up or lay the foundation for something, often referring to creating a new business, institution, or system.

General Partners

Individuals in a partnership who have full liability for the debts of the partnership and take part in managing the business.