Which of the Following Is True for a Limited Liability

question 42

Multiple Choice

Which of the following is true for a Limited Liability Company (LLC) ?

• A)Business income is taxed at the corporate rate.
• B)The company is limited in its liability.
• C)Business income is taxed at the individual's personal rate.
• D)The owners have unlimited liability.
• E)None of the above.

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Definitions:

Exportive IHRM

Relates to the practices and strategies employed by multinational corporations to transfer their home country's human resource management policies and practices to their operations in other countries.

HRM Systems

Human Resource Management Systems; technology-based solutions that assist in managing an organization's human resource functions, such as recruitment, payroll, performance management, and more.

Strategic International HRM

Human resources management issues, functions, policies, and practices that result from the strategic activities of multinational enterprises and that affect the international concerns and goals of those enterprises.

Global Competence

The ability to interact effectively with people from different cultural backgrounds, understanding global issues and possessing skills for functioning in multicultural environments.