Kristen and Her Brothers and Sisters Set Up a Design

question 306

Multiple Choice

Kristen and her brothers and sisters set up a design firm called Houses by Design LLP.Although key business functions are centralized,each sibling is a licensed architect that designs,builds,and installs residential and commercial buildings for his/her own clients.Unfortunately,a design created and installed for one of their clients resulted in water damage to the basement of the client's new home.The limited liability partnership:

• A)Guarantees that none of the company's partners will lose more than the amount they invested in the company.
• B)Guarantees that only those partners who were directly involved in designing and building this home face unlimited liability for claims against the firm.
• C)Protects the partners from any suit by the client.
• D)Will enable the firm to quickly reorganize with only minor financial losses.

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Definitions:

Morphemes

The smallest grammatical units in a language that carry meaning.

Stanford-Binet Intelligence Scale

A standardized test that measures human intelligence through various cognitive tasks.

Age

The length of time that a person or thing has existed, often used as a measure of life stages or developmental periods.

Heuristic

A problem-solving approach using a practical method or various shortcuts to produce solutions that may not be perfect but are sufficient for immediate goals.