Which of the Following Forms of Business Structure Provides Limited

question 3

Multiple Choice

Which of the following forms of business structure provides limited liability for the personal assets of the owners?

• A)sole proprietorship
• B)general partnership
• C)LLC
• D)partnership by implication
• E)All of the above provide limited liability.

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Definitions:

Identical Twins

Twins who developed from a single zygote that then split and formed two embryos, sharing 100% of their DNA.

Biological Parents

The parents who have conceived and given birth to, or biologically fathered a child, as opposed to adoptive or step-parents.

Fraternal Twins

Siblings born at the same time who are genetically as similar as regular siblings because they come from two different eggs fertilized by two different sperm.

Polygenetic

Relating to the contribution of multiple genes in the determination of a particular trait or characteristic, often resulting in a wide spectrum of possible outcomes.