A Conditional Format Applies Formatting to a Cell When Its Value

question 52

True/False

A conditional format applies formatting to a cell when its value meets a specified condition._________________________

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Definitions:

Limited Liability Status

A legal status which limits the amount of financial loss and legal liability an individual's investment can incur to the amount invested in a corporation, protecting personal assets from company debts and obligations.

Limited Liability Partnership

A partnership where some or all partners have limited liabilities, protecting them from certain debts or obligations beyond their investment.

General Partners

Parties in a partnership who are responsible for the management of the partnership and are personally liable for its debts.

Limited Partners

Investors in a limited partnership who are only liable for the business's debts and obligations up to the amount of their investment.