Which of the Following Forms of Organization Is Most Likely

question 51

Multiple Choice

Which of the following forms of organization is most likely to protect the personal assets of any partner or shareholder who has not been involved on an engagement resulting in litigation?

• A)Professional corporation.
• B)Limited liability partnership.
• C)Partnership.
• D)Subchapter M Incorporation.

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Definitions:

Industry Group

A classification of companies that conduct business activities in the same sector or segment of the economy.

Index Model

A statistical model used to predict the returns of assets based on the returns of a benchmark market index and the assets' sensitivities to that index.

Covariances

A measure of how two stocks move together, indicating the degree to which their returns are interdependent.

Security Pairs

A strategy in trading involving two closely related securities, where one is purchased (long position) and the other is sold (short position).