Which of the Following Is/are Correct with Respect to Limited

question 20

Multiple Choice

Which of the following is/are correct with respect to limited liability companies (LLCs) ?
I.An advantage of an LLC when compared to a regular corporation is the ability to pass through tax attributes to owners.
II.A disadvantage of a general partnership when compared with an LLC is the inability of owners to have limited liability.
​

• A)Only statement I is correct.
• B)Only statement II is correct.
• C)Both statements are correct.
• D)Neither statement is correct.

---

Definitions:

Affect People

A broad term that could relate to how emotions and mood influence human behavior and interaction.

Overjustification Effect

A phenomenon where providing excessive external rewards for an already internally rewarding activity reduces a person's intrinsic motivation.

Example

A representative case or model that illustrates a general rule or serves as a typical instance of a particular phenomenon.

Self-Presentation

The process through which individuals attempt to control the impressions others form of them, often by manipulating their own appearance or information they share.