Which of the Following Business Forms Means Personal Liability for the Owner

question 3

Multiple Choice

Which of the following business forms means personal liability for the owner of the business?

• A)Sole proprietorship
• B)LLC
• C)Corporation
• D)LLP

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Definitions:

Tertiary Alcohol

An alcohol in which the hydroxy functional group (OH) is bonded to a carbon atom connected to three other carbon atoms.

IUPAC Name

The systematic naming of chemical compounds based on the rules established by the International Union of Pure and Applied Chemistry.

Wood Alcohol

Another term for methanol, a simple alcohol that is used as a solvent, antifreeze, or fuel, and is dangerous to consume.

Methanol

A simple alcohol with the formula CH3OH, used as a solvent, antifreeze, fuel, and as a feedstock in chemical synthesis.