LLPs Were Created to

question 73

Multiple Choice

LLPs were created to

• A) limit the taxation burdens existing in LLCs.
• B) ease the costs and filing requirements present with LLCs.
• C) provide limited protection for general partners, increasing the protection offered by LLCs.
• D) increase the duration of the business entity permitted under LLC statutes.

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Definitions:

Removing Symptoms

A treatment approach aiming to alleviate or eliminate the physical manifestations of a condition without necessarily addressing the underlying cause.

Operant Conditioning

A method for learning where the potency of a response is adjusted by the application of rewards or disciplinary actions.

Aversive Conditioning

A method of behavior modification in which unpleasant stimuli are associated with undesirable behaviors to reduce or eliminate those behaviors.

Classical Conditioning

A learning process in which a neutral stimulus becomes associated with a meaningful stimulus and acquires the capacity to elicit similar responses.