In A(n) ________, Owners Have Limited Liability with Regard to the Business

question 43

Multiple Choice

In a(n) ________, owners have limited liability with regard to the business. They are not personally liable for the malpractice of other owners.

• A) limited partnership
• B) S-corporation
• C) partnership
• D) limited liability partnership

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Definitions:

Lewis Structure

A graphical representation of the distribution of electrons in molecules, showing how the atoms are bonded together and the pairs of electrons not involved in bonding.

Boron Trifluoride

A pungent, toxic gas that forms white fumes in moist air and is used in various chemical reactions as a catalyst.

Octet

The state of an atom achieved when it has a full valence shell of eight electrons, making it stable and less reactive.

Methyl Chloride

A colorless, flammable gas used as a refrigerant, solvent, and in organic synthesis.