Which of the Following Is a Legitimate Concern for Clients

question 46

Multiple Choice

Which of the following is a legitimate concern for clients or third parties who rely on professionals who provide their services through a limited liability partnership?

• A) the adequacy of the profession's indemnification fund to cover losses
• B) whether individual partners remain liable for their own negligence
• C) whether highly specialized professional protection associations defend claims
• D) whether there will be compensation for losses caused by the professional

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Definitions:

Pair of Equations

Two equations that are considered together, often used to find the solution to a set of variables in math.

Three Figure Accuracy

Refers to rounding calculations to three significant digits.

Pair of Equations

Two mathematical statements set equal to each other, used to find the value of variables.

Unknown Variable

A symbol in mathematics and algebra that represents a number not yet identified but can be solved for in an equation.