The Limited Liability Company Form of Organisation

question 91

Multiple Choice

The limited liability company form of organisation

• A)avoids double taxation.
• B)affords less protection from liability than partnerships.
• C)is a poor choice for new businesses.
• D)can offer share incentives to employees.

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Definitions:

Good Provider

A term often used to describe an individual typically responsible for supplying the necessary resources for the well-being of their family or dependents.

Gender Inequality

The social process by which people are treated differently and disadvantageously, under similar circumstances, based on gender.

Domestic Skills

The abilities related to managing and maintaining a household, such as cooking, cleaning, and budgeting.

Self-Segregation

The process by which individuals or groups separate themselves from others within a society based on characteristics such as ethnicity, religion, or socioeconomic status, often voluntarily.