One Disadvantage of a Limited Liability Company Is That It

question 25

Multiple Choice

One disadvantage of a limited liability company is that it:

• A)Requires all earnings of the business be taxed at the corporate rate.
• B)Has a limited life span.
• C)Requires the owners to divide up profits and losses in a fixed proportion.
• D)Has a more restrictive ownership requirement than S corporations.

Distinguish between types of insurance coverage and policy terms, including uninsured motorist and personal injury protection.

Recognize the importance of insurable interest and the consequences of misrepresentation or breach of contract in insurance agreements.

Identify key historical advancements and their impact on modern computing.

Understand the evolution of programming languages and their primary applications.

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Definitions:

Emailing

A method of exchanging digital messages between people using electronic devices.

Texting

The act of sending written messages through electronic means, specifically via mobile phones.

Rational

Based on clear thought and reason; characterized by the ability to make logical, practical, and effective decisions.

Emotional

Emotional pertains to feelings and their expression, affecting one's mood, attitude, and responses to various situations.