Match Each Statement with the Correct Term Below

question 5

Multiple Choice

Match each statement with the correct term below.
-Limited Liability Company

• A)An entity with conduit tax characteristics that provides limited liability to its owners.
• B)An organization of two or more persons operating a business that is not taxed.
• C)A general partnership that offers limited liability to the partners.
• D)An association created under the laws of a state giving owners limited liability.
• E)Retains legal characteristics while obtaining tax characteristics of a conduit.
• F)A partnership in which the liability of at least one partner is limited.

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Definitions:

Performance Potential

The capacity or ability of an individual, group, or system to perform or produce at a high level in future conditions or undertakings.

Assessment Centre

A type of employment test that examines how job candidates handle simulated work situations.

Actual Work Tasks

Specific duties or responsibilities that are part of an employee's job role or occupation.

Work Sampling

A type of employment test in which applicants are evaluated while performing actual work tasks.