In Which of the Following Ways Is a Limited Liability

question 49

Multiple Choice

In which of the following ways is a limited liability company like a corporation?

• A) It was created and developed first in the United States.
• B) It can choose to be considered a partnership for tax purposes.
• C) Its owners' liability is restricted to their investment.
• D) It is directly managed by the owners.

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Definitions:

Starting Concentrations

The initial amounts of reactants in a chemical reaction, usually expressed in molarity or mass.

ΔG°

The standard Gibbs free energy change, indicating the spontaneity of a reaction under standard conditions.

% Conversion

A measure of the efficiency of a chemical reaction, denoting the percentage of reactants that have turned into products.

Substitution Reaction

A type of chemical reaction where one atom or group of atoms in a molecule is replaced by another atom or group of atoms.