Which of the Following Is a Characteristic of a Limited

question 78

Multiple Choice

Which of the following is a characteristic of a limited liability partnership (LLP) ?

• A) A limited liability partnership issues shares of stock to shareholders.
• B) Each partner is liable only for the actions under his or her control.
• C) A limited liability partnership is owned by a single investor.
• D) The limited liability partners are subject to "double taxation."

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Definitions:

Pass%

The percentage of individuals or units that meet or exceed a defined benchmark or standard.

Standard Error

A measure of the statistical accuracy of an estimate, often used to quantify the uncertainty in the mean of a population estimated from a sample.

Pearson's Correlations

A measure of the linear correlation between two variables, ranging from -1 to 1, where 1 means a perfect positive linear correlation, and -1 means a perfect negative linear correlation.

Chronic Diseases

Long-lasting illnesses that progress slowly, often requiring ongoing medical attention and are not completely curable.