In Japan,which of the Following Statements Is False Regarding Limited

question 5

Multiple Choice

In Japan,which of the following statements is false regarding limited liability partnerships?

• A)In regard to profits,Japan's limited liability partnership law requires that the members manage the business and negotiate among each other to determine how profits and losses should be distributed among individual members.
• B)Japan's limited liability partnership law places restrictions on the distribution of partnership assets.
• C)Japan's limited liability partnership law limits the liability of its members by their capital contribution.
• D)When members are establishing the rules of the limited liability partnership,Japan's limited liability partnership law requires either the agreement of all members or a majority of at least two-thirds of the members.
• E)The limited liability partnership has been recognized in Japan since the 1950s.

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Definitions:

Excess Supply

Occurs when the quantity of a good or service supplied is greater than the quantity demanded, often leading to a decrease in price.

Minimum Wage

The lowest legal salary that employers can pay their workers, established by government laws.

Labor Market

A marketplace where wages are determined, and workers are hired and fired.

Consumer Surplus

The difference in the total cost consumers are prepared and financially able to cover for a good or service, against the total cost they actually cover.