Which of the Following Is a Characteristic of Limited Liability

question 19

Multiple Choice

Which of the following is a characteristic of limited liability companies (LLCs) ?

• A)They are made to pay an annual franchise tax in many states.
• B)They are subject to double taxation.
• C)They are required to hold timely board meetings.
• D)They are required to produce a larger amount of paperwork than corporations.

---

Definitions:

Organizational Success

The achievement of the goals and objectives set by an organization through effective planning, strategy implementation, and performance management.

Workforce Planning

The strategic process used by organizations to ensure they have the right number of people with the right skills at the right time to achieve their business goals.

Labour Availability

The quantity and quality of available workforce within a specific market or region.

Organizational Strategy

A long-term action plan designed by an organization to achieve its objectives and fulfill its mission, considering internal and external environments.