All of the Following Are True for a Limited Liability

question 12

Multiple Choice

All of the following are true for a limited liability company except which one?

• A)The government requires that it is registered.
• B)Profits are taxed only once.
• C)The owners have limited liability.
• D)It exists for the lifetime of the owner.

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Definitions:

Coefficient Of Correlation

A measure that quantifies the degree of linear relationship between two variables, ranging from -1 to 1.

Interval Variables

Quantitative variables where the intervals between the values are equal and meaningful, allowing for comparisons and mathematical operations.

Symmetric Distribution

A distribution where the left and right sides are mirror images of each other around the central point.

Skewed Distribution

A probability distribution that is not symmetrical, where one tail is longer or fatter than the other.