Which of the Following Ownership Structures Requires Only the Negligent

question 34

Multiple Choice

Which of the following ownership structures requires only the negligent owner to have unlimited liability?

• A)Limited partnership
• B)Limited liability partnership
• C)Subchapter S corporation
• D)Limited liability company

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Definitions:

Employee Relations Practices

Practices that aim to maintain positive relationships between an organization and its employees, focusing on open communication, conflict resolution, and fair treatment.

Productivity

A measure of the efficiency of a person, machine, factory, system, etc., in converting inputs into useful outputs.

PIPEDA

The Personal Information Protection and Electronic Documents Act, a Canadian law that governs how private sector organizations collect, use, and disclose personal information in the course of commercial business.

Judicial Approval

The official acceptance or endorsement of a legal process or decision by a court of law.