A Report That Contains a Subreport Is Called the ____

question 55

Multiple Choice

A report that contains a subreport is called the ____ report.

• A) control
• B) main
• C) parent
• D) property

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Definitions:

Limited Liability

A legal structure that limits the financial liability of investors or owners to the amount they have invested in a company, protecting personal assets.

Transferability of Ownership

The capability to legally transfer the title or ownership of an asset or property from one entity to another.

Sole Proprietorship

A business structure in which a single individual owns and operates the business, bearing sole responsibility for its debts and obligations.

Corporation

A legal entity owned by stockholders whose liability is limited to the value of their stock ownership.