Which Form of Business Entity Was Created Primarily to Shield

question 51

Multiple Choice

Which form of business entity was created primarily to shield innocent owners,particularly those in professions,from malpractice liability generated from other owners in the firm?

• A) the limited partnership
• B) the limited liability partnership
• C) the limited liability company
• D) none of the above

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Definitions:

Quantifiable

Capable of being measured or expressed as a numerical value.

Adaptive Radiation

The evolutionary process where organisms rapidly diversify into a multitude of new forms, particularly when a change in the environment makes new resources available.

Beetle Lineage

The evolutionary history and classification of beetles, a diverse group of insects with a hard exoskeleton and over 350,000 species.

Hard Shells

Rigid external coverings that provide protection to the bodies of certain animals, like mollusks and turtles.