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:

Employee Empowerment

A management philosophy that emphasizes giving employees autonomy, resources, and skills to make decisions and contribute to the company's success.

Instrumental Values

Values that are considered as means to an end, serving as tools or methods to achieve something else of importance.

Milton Rokeach

An American psychologist known for his work on human values and beliefs, including the development of the Rokeach Value Survey.

SMART

An acronym for Specific, Measurable, Achievable, Relevant, and Time-bound, often used in goal setting.