Which of the Following Is an Advantage of a Limited

question 115

Multiple Choice

Which of the following is an advantage of a limited liability company compared to a partnership?

• A)Unlike a partnership, the members of a limited liability company can participate actively in management of the business.
• B)Unlike a partnership, the members of a limited liability company are not personally liable for the business's debts.
• C)Unlike a partnership, the members of a limited liability company are taxed at the business level and not double-taxed.
• D)Unlike a partnership, the members of a limited liability company need not file articles of organization with the state.

Appreciate the significance of clear performance targets and their alignment with organizational goals.

Recognize the influence of external factors such as tax rates and legislation on compensation strategies.

Identify strategies for gaining employee support and overcoming resistance to performance-based pay plans.

Understand the factors leading to job losses in various sectors in the United States.

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Definitions:

Metastasis

The spreading of cancer cells from one organ or part of the body to another.

Mutation

A change in the DNA sequence within a gene or chromosome of an organism leading to the creation of a new character or trait.

Antennae

(sing., antenna) Sensory structures characteristic of some arthropod groups.

Segmentation Genes

Genes that determine the number and polarity of body segments in an embryo, playing a crucial role in the early development of many animals.