In a Limited-Liability Company,the ________

question 115

Multiple Choice

In a limited-liability company,the ________.

• A) members are personally liable to pay the company's debts
• B) business terminates at the death of a member
• C) members are liable for each other's actions
• D) members pay income tax on their share of earnings

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Definitions:

Expected Frequency

The theoretical frequency of an event or category estimated from a probability distribution or sample data.

Groups

Sets of subjects or items that are classified together based on shared characteristics or for purposes of an experiment or study.

Total N

The total number of observations, subjects, or participants included in a study or experiment.

Degrees Of Freedom

The number of independent pieces of information on which a statistical estimate is based, minus the number of parameters estimated.