Which of the Following Legal Entities File Documents with the State

question 8

Multiple Choice

Which of the following legal entities file documents with the state to be formally recognized by the state?

• A) Limited Liability Company.
• B) Sole Proprietorship.
• C) General Partnership.
• D) None of the choices are correct.

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Definitions:

Fixed Budget

A predetermined limitation on spending, beyond which expenses cannot exceed for a specific period.

Single Estimate

An approach in project management or forecasting where a single value is used as the most likely outcome without accounting for uncertainty.

Comprehensive

Refers to an all-inclusive, thorough consideration or coverage of a specific topic or area.

Management Function

Fundamental activities such as planning, organizing, leading, and controlling that are performed by managers to achieve organizational goals.