Which of the Following Statements Is Correct About the Requirements

question 60

Multiple Choice

Which of the following statements is correct about the requirements of an LLP?

• A)The business name must include the phrase Limited Liability Partnership or an abbreviation of the phrase,and the parties must file a form with the secretary of the state.
• B)The parties must execute a Partnership Agreement identifying itself with the phrase Limited Liability Partnership or an abbreviation of the phrase,and the parties must file a form with the secretary of the state.
• C)The business name must include the phrase Limited Liability Partnership or an abbreviation of the phrase,and the parties must execute a Partnership Agreement.
• D)The business name must include the phrase Limited Liability Partnership or an abbreviation of the phrase,the parties must execute a Partnership Agreement,and the parties must file a form with the secretary of the state.
• E)The parties only need to file a form with the secretary of the state.

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Definitions:

Acceptance Sampling

A statistical quality control method used to determine if a batch of goods should be accepted or rejected based on sample quality.

Process Capability

The ability to meet design specifications.

Control Chart

A statistical tool used in quality control processes to monitor and control a process variable over time, identifying trends, shifts, or outliers.