Which of the Following Business Forms Is Similar to a Corporation

question 96

Multiple Choice

Which of the following business forms is similar to a corporation in regard to owner liability?

• A)All businesses are the same with regard to owner liability.
• B)Limited liability company
• C)Sole proprietorship
• D)Partnership

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Definitions:

Sequences

Ordered series or arrangements where elements follow a specific, logical pattern or succession.

Procedures

Established ways of performing tasks or operations, often documented in step-by-step instructions.

Conservative Color

A color scheme that is traditional, subdued, and often used in settings where professionalism and restraint are emphasized.

Background

The context or setting, including previous experiences, cultural, social, or educational factors, influencing a person's situation or actions.