Which One of the Following Categories of Owners Enjoys Limited

question 83

Multiple Choice

Which one of the following categories of owners enjoys limited liability?

• A) General partners in a limited partnership or limited liability company.
• B) Shareholders (common stock) of a corporation
• C) Sole proprietors
• D) Both A and B

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Definitions:

Conserve Quantity

The understanding that quantity does not change with physical alteration of objects, part of cognitive development in children.

Differently Shaped

Describes objects, elements, or figures that do not share the same form or outline.

Pennies

Small denominational coins used in various currencies, often representing the smallest monetary unit.

Count

The act of determining the total number of elements in a set or the process of quantifying objects, people, or activities.