Which of the Following Legal Forms of Organization Is Characterized

question 67

Multiple Choice

Which of the following legal forms of organization is characterized by limited liability?

• A) Sole proprietorship.
• B) Partnership.
• C) Corporation.
• D) Professional partnership.

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Definitions:

Integrity Theory

A psychological or ethical theory that emphasizes the importance of maintaining moral principles and honesty in all facets of life.

Late Adulthood

The stage of life typically designated for individuals aged 65 and older, characterized by retirement, physical aging, and increased focus on life satisfaction.

Self-Theories

The beliefs that individuals hold about their abilities, potential, and identity, which can shape their motivation and behavior.

Central Component

is a fundamental element or core part of a system, theory, or structure.