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.

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Definitions:

Optical Mark Reader

A device used to read marks made on paper, such as the filled bubbles on multiple choice test papers, by sensing the presence or absence of marks at specific positions.

Point-of-sale Terminal

An electronic device used to process sales transactions at retail locations, accepting payment from customers in various forms.

Voice Recognition

A technology that identifies and interprets human speech, allowing computers and devices to accept and execute voice commands.

Memory Capacity

The amount of data or information that can be stored in a device's memory system.