Which of the Following Statements Generally Cannot Be Correct for an Investor

question 41

Multiple Choice

Which of the following statements generally cannot be correct for an investor who faces unlimited liability on an investment?

• A)The investor owns stock in the firm.
• B)The investor has no partners.
• C)The investor is subject to double taxation.
• D)The investor is responsible for managing the firm.

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Definitions:

Essential Attributes

Fundamental qualities or characteristics that define the nature of something, without which it would not be what it is.

Genus

A category that encompasses a collection of entities with shared traits, frequently employed in the taxonomy of biology to indicate a level higher than species but lower than family.

Differentia

The trait or characteristic that distinguishes one thing from another, especially within classification.

Circular

Referring to a shape or movement that is round in form and has no beginning or end point.