Match Each Statement with the Correct Term Below

question 97

Multiple Choice

Match each statement with the correct term below.
-Partnership

• A)An entity with conduit tax characteristics that provides limited liability to its owners.
• B)An organization of two or more persons operating a business that is not taxed.
• C)A general partnership that offers limited liability to the partners.
• D)An association created under the laws of a state giving owners limited liability.
• E)Retains legal characteristics while obtaining tax characteristics of a conduit.
• F)A partnership in which the liability of at least one partner is limited.

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Definitions:

Output Word

A data structure or unit in digital electronics and computing used to represent output values or states.

Sequencer Program

A computer program designed to manage the execution order of other programs or instructions in a sequence.

Sequencer Instructions

Instructions used in PLC programming to execute a series of operations or control a process step by step.

Retentive

Pertaining to a device or process that retains its state or data even after power is lost or reset.