Which of the Following Types of Firms Does NOT Have

question 46

Multiple Choice

Which of the following types of firms does NOT have limited liability?

• A) sole proprietorships
• B) limited partnerships
• C) corporations
• D) none of the above

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Definitions:

Logically

In a manner that is based on clear, sound reasoning or the formal principles of reasoning.

Egocentrically

Thinking primarily about oneself without regard for the feelings or views of others; seeing things from one's own perspective only.

Symbolic Thought

The capacity to use symbols, language, or other abstract representations to think about and communicate complex concepts.

Preoperational

The stage in Piaget's theory of cognitive development where children from about 2 to 7 years of age begin to engage in symbolic play and struggle with logic and the perspective of others.