Which of the Following Is Has Limited Liability for All

question 15

Multiple Choice

Which of the following is has limited liability for all owners and is not subject to double taxation?

• A)Corporation
• B)Sole Proprietorship
• C)Limited Liability Corporation
• D)Limited Partnership

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Definitions:

JIT Systems

Just-In-Time Systems refer to a strategy to increase efficiency and decrease waste by receiving goods only as they are needed in the production process.

Inventory

The quantity of goods or materials that a business holds for the purpose of resale or production.