Which of the Following Is a Characteristic of a Limited-Liability

question 190

Multiple Choice

Which of the following is a characteristic of a limited-liability company (LLC) ?

• A) An LLC's life is terminated at any member's choice or death.
• B) Each member of an LLC is liable only for his or her own actions.
• C) An LLC must have more than five members.
• D) The earnings of an LLC are subject to double taxation.

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Definitions:

Intramembranous Ossification

A process by which bone tissue is formed directly on or within fibrous membranes, primarily occurring in the cranial bones of the skull and the clavicles.

Endochondral Ossification

The process by which bone tissue is formed from cartilage, contributing to the growth and development of the skeletal system.

Glycogen

A complex glucose-based polysaccharide that functions as an energy reserve in both animals and fungi.

Ligaments

Tough, flexible fibrous tissues that connect bones to other bones, providing joint stability.