Which of the Following Is True in Regards to a Limited

question 171

Multiple Choice

Which of the following is true in regards to a Limited Liability Company?

• A) Makes up 10% of business organizations in the United States.
• B) Combines the attributes of a partnership and a corporation.
• C) Provides tax and liability advantages to the owners.
• D) All are correct.

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Definitions:

Operational Decisions

Decisions focused on the daily operations of a business, affecting its efficiency and effectiveness in producing goods or services.

Marketing Tactics

Specific actions or strategies implemented to achieve marketing objectives, including advertising, promotions, and product placement.

Planning Gap

The difference between an organization's current position and its desired future state, identified during strategic planning.

Contribution Margin

The amount by which product or service sales exceed variable costs, contributing to covering fixed costs and profit generation.