If a Company Wants to Protect Its Three Investors Against

question 169

Multiple Choice

If a company wants to protect its three investors against personal liability risk, which of the following business forms would not be a suitable option?

• A) Limited liability partnership
• B) S Corporation
• C) Partnership
• D) C Corporation
• E) Limited liability company

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Definitions:

Schemas

Cognitive structures that organize knowledge and guide information processing, based on themes or subjects.

Concepts

Cognitive groupings of similar objects, events, people, or ideas.

Three Mountains Task

A cognitive development test designed by Jean Piaget to assess a child's ability to comprehend and view different perspectives, showcasing the development of spatial awareness and egocentrism.

Egocentrism

The psychological condition where a person is unable to differentiate between the self and other people, leading to difficulty in understanding perspectives other than one's own.