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.

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Definitions:

Stroke Volume

The amount of blood pumped out of the left ventricle of the heart with each heartbeat.

Lymphocytes

A subtype of white blood cells that are part of the immune system, playing a significant role in the body's defenses against disease.

Macrophages

Large white blood cells in the immune system that engulf and digest pathogens and dead cells, part of the body's defense mechanism.

Pathogens

Microorganisms that can cause disease in another organism, including bacteria, viruses, fungi, and parasites.