A Business Entity That Provides Each Owner with Limited Liability

question 28

Multiple Choice

A business entity that provides each owner with limited liability while the firm is operated and taxed like a partnership is called a:

• A)limited liability company.
• B)general partnership.
• C)limited proprietorship.
• D)limited partnership.
• E)corporation.

---

Definitions:

Acid Deposition

The deposition of acidic components in rain, snow, or dust on the surface of the Earth, often resulting from industrial emissions.

Nitrogen Oxides

Gaseous compounds of nitrogen and oxygen, such as NO and NO2, that contribute to air pollution and can have harmful effects on human health and the environment.

Endemic Species

A species found only in the region where it evolved.