A limited liability company is essentially: a limited partnership without limited partners.
a. true
b. false
Answer is b. false ( A limited liability company is essentially just another name for corporation.)
You might also like to view...
Which of the following businesses is most likely to benefit from an election to account for its inventory under LIFO?
A. A company producing products with copper as a key component - copper prices fluctuate widely. B. A company producing parts for the auto industry - costs in this field tend to steadily climb. C. A company producing the newest version of a tablet with ultra-long battery life. It believes it has a one-year lead over the competition. D. None of the above.
Which of the following scales might have an example that ranges from "Not Important" to "Extremely Important"?
A) Likert scale B) one-way labeled scale C) importance scale D) unimportance scale E) semantic differential scale
Building physical capacity based on selecting a lower percentile day will NOT have a negative impact on ______.
a. customer satisfaction b. revenue c. long-term attendance growth d. cost
The main purpose exception to the Statute of Frauds allows oral collateral contracts to be enforced if there is a monetary benefit to the guarantor
Indicate whether the statement is true or false