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Which of the Following Is the Most Costly and Least

question 7

Multiple Choice

Which of the following is the most costly and least risky method of converting from one system to another?


Definitions:

Personal Liability

The legal responsibility of an individual to satisfy debts or obligations from personal assets, not protected by limited liability through a corporate structure.

Incorporators

Individuals involved in forming a corporation, who sign the articles of incorporation and may act as temporary directors until a board is elected.

Perfunctory

Carried out with a minimum of effort or reflection.

Short-lived

Referring to something that lasts for a brief period of time.

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