Which of the Following Is True in Respect of Limited

question 97

Multiple Choice

Which of the following is true in respect of limited liability partnerships (LLPs) ?

• A) Historically, professionals have relied primarily on incorporation for carrying on business.
• B) Provincial limited liability partnership legislation has been introduced in various jurisdictions across Canada.
• C) Professionals are prohibited from operating under a limited liability partnership.
• D) The main advantage to those carrying on business as an LLP is that potential liability is limited for torts, for breach contract, and for breach of trust.
• E) Unlike limited partners, those operating through LLPs are not burdened with limitations with respect to naming, registration, or other requirements.

Understand the relationship between real GDP, aggregate expenditure, and planned investment.

Calculate and interpret the simple spending multiplier effect.

Analyze the effect of changes in income levels on imports and exports.

Comprehend the concepts of unintended inventory adjustments and their implications for GDP.

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Definitions:

Hospital Readmissions Reduction Program

A Medicare program aimed at reducing unnecessary readmissions to hospitals by penalizing hospitals with higher than expected readmission rates for certain conditions.

Prescribed Medications

Medicines that are legally dispensed by a healthcare professional's order to treat or manage specific health conditions.

Therapeutic Touch

A healing technique where practitioners claim to manipulate the energy fields around the body to reduce pain and promote healing, without physical contact.

Therapeutic Relationship

The professional and supportive relation that develops between a healthcare provider and a patient during treatment.