Which of the Following Is an Advantage of a Limited

question 127

Multiple Choice

Which of the following is an advantage of a limited liability company compared to a corporation?

• A) Unlike a corporation, the members of a limited liability company are personally liable for the business's debts.
• B) Unlike a corporation, the members of a limited liability company need not file articles of organization with the state.
• C) Unlike a corporation, the members of a limited liability company cannot participate actively in management of the business.
• D) Unlike a corporation, the members of a limited liability company are taxed at the individual level only.

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Definitions:

Myelin

A fatty substance that encases and insulates axons, facilitating transmission of neural impulses.

Prefrontal Cortex

The part of the brain associated with decision-making, social behavior, and personality.

Limbic System

A complex system of nerves and networks in the brain, involved in basic emotions such as fear and pleasure, as well as drives like hunger and sex.

Cerebrum

The large mass of the forebrain, which consists of two hemispheres.