Which of the Following Is True Regarding the Limited Liability

question 35

Multiple Choice

Which of the following is true regarding the limited liability company?

• A) Limited liability companies originated in Europe more than 500 years ago, around the same time as limited partnerships.
• B) Limited liability companies originated in France more than 200 years ago.
• C) Limited liability companies originated in U.S. more than 100 years ago.
• D) Limited liability companies are a relatively new form of business organization.
• E) Limited liability companies are the same thing as limited partnerships as far as regulatory rules are concerned.

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Definitions:

Day-To-Day Problems

Challenges or difficulties that individuals encounter in their daily lives, ranging from minor inconveniences to more substantial obstacles.

Officer Role

The specific duties and responsibilities assigned to an individual within a police or military organization.

Social Peacekeeper

An individual or entity engaged in maintaining or restoring peace and harmony within a community or society.

Cultural Themes

Predominant ideas, values, and beliefs that characterize and influence the behaviors of a particular culture or society.