The most popular and widely used unincorporated business form that provides limited liability for its members is the:

A) limited partnership.
B) limited liability partnership.
C) limited liability company.
D) limited liability limited partnership.


C

Business

You might also like to view...

African slaves made up what percentage of the population of the United States at its inception?

a. 5 percent b. 10 percent c. 15 percent d. 20 percent

Business

Which of the following statements regarding variances is false?

a. In determining the Total Cost of Ownership (TCO), purchasing agents include not only the cost of an item but also freight, tax charges, and discount terms. b. The specifications for materials, including both quality and quantity are included in a product material requisition form. c. Method-times-measurement is used to help determine labor standards. d. In determining labor standards, the cost of items such as holiday pay and employer paid FICA are not included.

Business

Ludington Corporation provides the following data from a recent period for its manufacture of shoes: direct material costs, $24,000; direct labor costs, $12,000; and total fixed costs, $40,000. Sales were $60,000 based on 12,000 units sold during the period. Calculate the contribution margin and the contribution margin ratio.

What will be an ideal response?

Business

A potential for growth in capability that indicates both the richness of an organization's software process and the consistency with which it is applied in projects throughout the organization best defines

A) system maturity. B) organizational maturity. C) software process maturity. D) business process maturity.

Business