Which of the Following Is a Form of Business Organization

question 97

Multiple Choice

Which of the following is a form of business organization authorized by state law that allows professionals to enjoy the tax benefits of a partnership while limiting in some way the normal joint and several liability of partners?

• A) Limited liability partnership
• B) Limited liability company
• C) Professional corporation
• D) Limited partnership

---

Definitions:

Adult Personality

Refers to the various patterns of thoughts, feelings, behaviors, and traits that define an individual and are relatively stable over time in adulthood.

Collective Unconscious

A concept in Jungian psychology referring to the part of the unconscious mind that is shared among beings of the same species, containing universal archetypes.

Latent Memory Traces

Hidden or dormant impressions from past experiences retained in the brain, potentially influencing future behavior or learning.

Ancestral Past

Refers to historical or evolutionary antecedents of modern humans, impacting genetics, behavior, and societal structures.