The Most Popular and Widely Used Unincorporated Business Form That

question 66

Multiple Choice

The most popular and widely used unincorporated business form that provides limited liability for its members is the:

• A) limited partnership.
• B) limited liability partnership.
• C) limited liability company.
• D) limited liability limited partnership.

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Definitions:

Maturity Value

The total amount payable to an investor at the end of a fixed term investment, including the principal and any accrued interest.

Floating-rate Debt

A type of debt instrument whose interest payment varies with market interest rates.

Market Interest Rate

The prevailing rate of interest determined by supply and demand in the money market that borrowers must pay to obtain funds.