Which One of the Following Characteristics Applies to a Limited

question 33

Multiple Choice

Which one of the following characteristics applies to a limited liability company?

• A)available only to firms having a single owner
• B)limited liability for limited partners only
• C)taxed similar to a partnership
• D)taxed similar to a C corporation
• E)all income generated is totally tax-free

---

Definitions:

Coefficient Of Determination

A measure, usually represented as R^2, that shows the proportion of the variance in the dependent variable that is predictable from the independent variable(s).

Variance

A measurement of the spread between numbers in a data set, signaling how far each number in the set is from the mean.

MSE

Mean Squared Error, a measure of the average squared differences between the estimated values and the actual value, indicating the quality of an estimator.

SSE

Sum of Squares due to Error, a measure used in statistical analysis to quantify the discrepancy between the observed and predicted data values.