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

question 122

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 income of members from an LLC is not taxed.

---

Definitions:

Demand

Refers to the quantity of a good or service that consumers are willing and able to purchase at various prices during a given period.

Government Storage

involves the holding or preservation of goods by the government, typically for strategic reserves or to stabilize market prices.

Wheat

A cereal grain that is one of the most widely cultivated crops worldwide, used as a staple food in many cultures for its versatility and nutritional value.