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:

Knowledge Workers

Individuals whose primary job involves processing and working with information, requiring specialized knowledge or technical skills.

Marketing Analysts

Professionals who assess market trends, consumer behavior, and competitive dynamics to inform business strategy and marketing efforts.

Interorganizational System

An interorganizational system (IOS) is a technology-based infrastructure enabling information exchange and coordination of activities between different organizations.

Supply Chain System

A network of organizations, people, activities, information, and resources involved in moving a product or service from supplier to customer.