A Limited Liability Company

question 51

Multiple Choice

A limited liability company:

• A)can be created informally.
• B)does not have the pass-through feature of income and losses.
• C)is exclusive to the United States.
• D)none of the above

---

Definitions:

Crude Oil Price

Refers to the cost per barrel of unrefined petroleum, which fluctuates based on global supply and demand dynamics, geopolitical tensions, and market speculations.

Cheat

An act of dishonesty or unfairness to gain an advantage.

Monopoly

A market structure characterized by a single seller that controls the entire supply of a product or service, with no close substitutes.

Marginal Cost

Marginal cost is the change in total cost that arises when the quantity produced is incremented by one unit.