It Is Possible to Limit the Liability Faced by Some

question 40

Multiple Choice

It is possible to limit the liability faced by some of the partners in a business by establishing a(n) _____.

• A) limited liability partnership (LLP)
• B) general partnership
• C) sole proprietorship
• D) S Corporation
• E) limited liability company (LLC)

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Definitions:

Standard Deviation

A measure indicating the breadth of spread or variability in a series of values, showing how much the values differ from their mean.

Sample Mean

The average of a set of observations from a sample, representing an estimate of the population mean.

Poker Time

A designated or scheduled period during which poker games are played, often referring to regular or tournament play times.

Standard Deviation

A mathematical indicator assessing the extent of spread within a collection of data points.