Quia and Rafi form SA, LLC, a limited liability company, to operate Superior Athletics, a fitness center. Compared to a sole proprietorship and a general partnership, a limited liability company has limited

A. business purposes.
B. investment opportunities.
C. personal liability.
D. requirements.


Answer: C

Business

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What will be an ideal response?

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Which of the following is not true of internal control as defined by COSO?

a. It is narrower than internal control over financial reporting. b. It is a process that includes all elements of internal control working together. c. It includes all the people in the organization. d. It starts at the top of the organization in setting a tone.

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The personnel involved in the physical control of materials includes all of the following except the:

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