Which of the Following Is True in Regards to a Limited

question 5

Multiple Choice

Which of the following is true in regards to a limited liability company?

• A) It is organized as a corporation.
• B) It can elect to be taxed as a partnership.
• C) It provides tax and liability advantages to the owners.
• D) All are correct.

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Definitions:

Probability

A measure of the likelihood that a particular event will occur, often expressed as a number between 0 and 1.

Operant Conditioning

a method of learning that uses rewards and punishments to influence behavior.

Classical Conditioning

A learning process in which a neutral stimulus becomes associated with a meaningful stimulus and acquires the capacity to elicit similar responses.

Observational Learning

A form of social learning where behaviors are learned by watching and imitating others.