Identify a True Statement About a Limited Liability Company (LLC)

question 27

Multiple Choice

Identify a true statement about a limited liability company (LLC) . 

• A)A limited liability company can be taxed as a corporation only.
• B)One of the owners of a limited liability company must be designated as a general partner with unlimited personal financial liability.
• C)A limited liability company can have no more than 100 stockholders.
• D)Only one of the owners of a limited liability company can participate in the management of the business.
• E)A limited liability company can have more than one type of stock (ownership interest) outstanding.

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Definitions:

Degrees of Freedom

The quantity of distinct values or amounts that a statistical distribution can accept.

Population Variance

A measure of the spread of a population’s values, indicating how much the individuals within the population differ from the population mean.

Chi-Squared Distributed

Referring to a statistical distribution that is used to describe the distribution of the sum of squares of a set of variables, often used in hypothesis testing.

T-Distribution

A statistical distribution that occurs when calculating the average of a population with a normal distribution, under conditions where the sample size is small and the population's variance is not known.