The Retail Card and Gift Shop Chain That Bria Started

question 24

Multiple Choice

The retail card and gift shop chain that Bria started has since been incorporated.Which of the following best describes the limited liability that Bria has as the primary stockholder in this corporation?

• A) Bria has no responsibility if the business fails and will still be able to get her initial investment back.
• B) Bria may have to give up her car and house if the corporation fails in order to cover the debts of the corporation.
• C) The other stockholders will be able to seize Bria's personal money but not her primary residence in the event that the business fails.
• D) Bria's personal assets will be protected in the event that the corporation fails,although she could lose her entire investment.
• E) Bria will only be liable for losses that develop from decisions she made about the daily business operations.

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Definitions:

Observed Frequencies

The number of times a particular value or event actually occurs in a dataset.

Expected Frequencies

In statistical analysis, these refer to the counts predicted by a probability model or theoretical distribution, used in the comparison of observed data for goodness-of-fit tests.

Contingency Table

A table often used in statistics to show the frequency distribution of variables, helping in the analysis of the relationship between them.

Equality Of Variances

A statistical condition in which two or more groups have the same variance, often an assumption in certain tests of significance.