Which of the Following Forms of Business Organization Have Unlimited

question 71

Multiple Choice

Which of the following forms of business organization have unlimited liability?
I. Corporation
II. General partnership

• A) Only statement I is correct
• B) Only statement II is correct
• C) Both statements I and II are correct
• D) Neither statement I nor II is correct

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Definitions:

Null Hypothesis

A default hypothesis that there is no significant difference or effect, used as the basis for statistical testing.

Type I Error

The incorrect rejection of a true null hypothesis, often denoted as a false positive.

Alpha

In statistics, the level of significance at which a hypothesis test is conducted, representing the probability of incorrectly rejecting the null hypothesis.

Type I Error

The error of rejecting a true null hypothesis, also known as a false positive.