What Is the Major Way in Which the Roles and Obligations

question 67

Multiple Choice

What is the major way in which the roles and obligations of the owners of a limited liability company differ from the roles and obligations of limited partners in a limited partnership?

• A) The owners of a limited liability company have personal obligation for debts incurred by the company.
• B) There is no separation between the company and its owners in a limited liability company.
• C) The owners of a limited liability company can withdraw from the company without the company being dissolved.
• D) The owners of a limited liability company can take an active role in running the company.

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Definitions:

Carbon Film

A type of resistor made by depositing a thin layer of carbon on an insulating substrate, known for stability and low noise.

Ceramic Rod

A type of non-metallic rod made from ceramic materials, often used for applications requiring high temperature resistance or electrical insulation.

Carbon

A chemical element, with symbol C, that is the basis of all known life on earth, capable of forming multiple stable covalent bonds.

Tolerance

The permissible limit of variation in a physical dimension or electrical component's performance, indicating the range within which the actual value is accepted to differ from the specified value.