Which Business Form Has the Advantage of Limited Liability

question 115

Multiple Choice

Which business form has the advantage of limited liability?

• A)Corporation.
• B)Sole proprietorship.
• C)Partnership.
• D)All business forms share equal limited liability.

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Definitions:

Least Squares Line

The line of best fit determined by minimizing the sum of the squares of the differences between observed values and the values predicted by the line.

Predicted Amount

The value estimated based on a statistical model or analysis.

Sales

The exchange of a commodity or service for money; the action of selling something.

Least Squares Regression

A statistical method for estimating the relationship between variables by minimizing the squares of the differences between observed and predicted values.