Which of the Following Is TRUE of a Limited Liability

question 91

Multiple Choice

Which of the following is TRUE of a limited liability company?

• A) A limited liability company is not obligated to file the articles of organization with the state.
• B) The owners of a limited liability company are personally liable for the business's debts.
• C) A limited liability company can elect not to pay business income tax.
• D) The owners of a limited liability company cannot participate actively in management of the business.

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Definitions:

Single Group

A group consisting of subjects who are exposed to an experimental or treatment condition, without a separate control group for comparison.

Cross-sectional

A research design that collects data from different participants at a single point in time to compare across groups or variables.

Research Design

The framework or strategy for a study that guides the collection and analysis of data to address research questions effectively.

Tested

The process of evaluating skills, performance, reliability, or quality by administering a series of questions or activities under controlled conditions.