In which of the following ways is a limited liability company like a corporation?
A) It was created and developed first in the United States.
B) It can choose to be considered a partnership for tax purposes.
C) Its owners' liability is restricted to their investment.
D) It is directly managed by the owners.
Answer: C
Business
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A) reverse auction B) dynamic auction C) open auction D) reserve auction E) price-lining auction
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Which of the following should be the first step in designing a channel strategy?
A) identifying channel objectives B) understanding the desires of the target customer C) analyzing channel alternatives D) evaluating intermediaries E) exploring international opportunities
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