A Business Formed by Two or More Individuals Who Each

question 204

Multiple Choice

A business formed by two or more individuals who each have unlimited liability for business debts is called a:

• A) Corporation.
• B) Sole proprietorship.
• C) General partnership.
• D) Limited partnership.
• E) Limited liability company.

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Definitions:

False

Not true or correct; erroneous or misleading.

Modus Tollens

A logical argument form that concludes the inverse of an antecedent from the denial of the consequent, typically structured as "If P, then Q. Not Q, therefore not P."

Affirming The Consequent

A logical fallacy where a conclusion is incorrectly drawn from the premise that if P then Q, and Q is true, therefore P must be true.

Ad Hominem

A fallacy in argumentation where the focus is on attacking the character or motive of the person making the argument, rather than addressing the argument itself.