Which of the Following Statements About a Limited Liability Company

question 55

Multiple Choice

Which of the following statements about a limited liability company is correct?

• A)A limited liability company with more than one owner can elect to be classified as either a partnership or a proprietorship.
• B)A limited liability company with only one owner can elect to be classified as either a proprietorship or a corporation.
• C)If a limited liability company does not make an election under the "check-the-box" regulations, multi-owner entities are classified as corporations.
• D)If a limited liability company does not make an election under the "check-the-box" regulations, single-person entities are classified as corporations.
• E)None of the above.

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Definitions:

Binocular Disparity

The difference in the images seen by the left and right eye, which contributes to the perception of depth.

Good Continuation

A principle in Gestalt psychology that states people tend to perceive connected lines or patterns as continuing in a smooth, uninterrupted manner.

Cochlear Implant

A medical device that bypasses damaged structures in the inner ear and directly stimulates the auditory nerve, allowing individuals with severe to profound hearing loss to perceive sound.

Auditory Nerve

The cranial nerve that transmits sound information from the cochlea of the inner ear to the brain, essential for hearing.