Which of the Following Types of Firms Do NOT Have

question 64

Multiple Choice

Which of the following types of firms do NOT have limited liability?

• A)sole proprietorships
• B)limited partnerships
• C)private corporations
• D)public corporations
• E)limited liability partnerships

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Definitions:

Spending Power

The financial ability or capacity of an entity (individual, government, or organization) to make purchases or invest, influencing economic activity.

Enumerated Power

Powers that are specifically listed in the Constitution that define the authority of a particular branch of government.

Regulatory Ends

Objectives or goals that regulations aim to achieve, typically involving protecting public welfare, safety, health, and ensuring fair market practices.

Interstate Commerce

The conduct of trade, business, or transportation between states within a country, subject to federal regulations.