Which of the Following Is a Disadvantage of a Limited

question 53

Multiple Choice

Which of the following is a disadvantage of a limited liability company?

• A) Because profits are taxed only at the shareholder level, there is no double taxation.
• B) The number of shareholders is unlimited.
• C) The number of members, tax issues, and implementation is flexible.
• D) Tax accounting can be complicated.
• E) limited liability.

Understand the legal frameworks governing sales transactions, including the Magnuson-Moss Act, the Uniform Commercial Code, and common law principles.

Understand the conditions and regulations under the Magnuson-Moss Act regarding warranties.

Identify when and how a buyer can reject goods under the Uniform Commercial Code (UCC).

Recognize the rights and remedies available to buyers and sellers under the UCC in transactions involving goods.

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Definitions:

Private Speech

Vygotsky’s concept of the ultimate binding of language and thought. Private speech originates in vocalizations that may regulate the child’s behavior and become internalized by age 6 or 7.

Cognitive Development

The growth of brain function and neuropathways, resulting in the ability to think, learn, and remember.

Contrast Assumption

A principle in cognitive and perceptual psychology that the human brain perceives objects as distinct from their background based on differences in color, light, shape, or other aspects.

Unfamiliar Object

Something that is not recognized or known because it has not been previously seen, heard, or experienced.