Which of These Statements Is True

question 54

Multiple Choice

Which of these statements is true?

• A)Water vaporizes into steam at 212°F
• B)Steam condenses into water at 212°F
• C)both "Water vaporizes into steam at 212°F" and "Steam condenses into water at 212°F"
• D)neither both "Water vaporizes into steam at 212°F" nor "Steam condenses into water at 212°F"

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Definitions:

Business Trust

A form of business organization, created by a written trust agreement, that resembles a corporation. Legal ownership and management of the trust’s property stay with the trustees, and the profits are distributed to the beneficiaries, who have limited liability.

Personally Liable

When an individual is personally responsible for fulfilling a debt or legal obligation, risking personal assets beyond a corporate structure.

Partnership

A bona fide business arrangement that includes two or more individuals managing together and sharing earnings.

Joint Venture

A joint undertaking by two or more persons or business entities to combine their efforts or their property for a single transaction or project, or for a related series of transactions or projects. A joint venture is generally treated like a partnership for tax and other legal purposes.