Which of the Following Organizations Is Equally Managed by the Members

question 82

Multiple Choice

Which of the following organizations is equally managed by the members unless a manager is designated?

• A) l partnership
• B) corporation
• C) limited liability company
• D) sole proprietorship
• E) S corporation

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Definitions:

Building Depreciation

The systematic allocation of the cost of a building over its useful life, reflecting its consumption, wear and tear, or obsolescence.

Responsibility Centres

Parts of an organization tasked with specific duties and responsibilities, wherein performance is measured based on predetermined objectives.

Square Metres

A unit of area measurement equivalent to a square that is one meter on each side.

Cost Pool

A grouping of individual costs, typically by department or service, from which cost allocations are made.