Which of the Following Is True of a Limited Liability

question 51

Multiple Choice

Which of the following is true of a limited liability company?

• A)A limited liability company is not obliged to file the articles of organization with the state.
• B)The owners of a limited liability company are personally liable for the business's debts.
• C)A limited liability company can elect not to pay business income tax.
• D)The owners of a limited liability company cannot participate actively in management of the business.

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Definitions:

Resistance

The opposition that a substance offers to the flow of electric current, measured in ohms (Ω).

Capacitance

The ability of a system to store an electric charge, measured in farads, represented by the ratio of the change in electric charge to the change in electric potential.

Watts

The measure of power within the International System of Units (SI), defined as one joule per second.

RC Parallel Circuit

An electric circuit in which a resistor and a capacitor are connected parallelly, affecting the impedance and the phase of the voltage and current.