In a Limited-Liability Company,the ________

question 22

Multiple Choice

In a limited-liability company,the ________.

• A)members are personally liable to pay the entity's debts
• B)business pays income tax on earnings
• C)members are liable for each other's actions
• D)members pay income tax on their share of earnings

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Definitions:

Nonmaleficence

A principle in medical ethics and other fields that entails not causing harm to others.

Belmont Report

A foundational document in medical and research ethics, the Belmont Report outlines ethical principles and guidelines to protect human subjects in research.

Justice

In research ethics, it refers to fairness in the distribution of benefits and burdens of research, ensuring that no group is unduly burdened or excluded from potential benefits.

Legal Age

The age at which an individual is recognized by law as being capable of assuming certain responsibilities and rights, such as voting, drinking alcohol, or consenting to medical treatment.