Reports from the internal audit function are given to the CFO or CEO as well as the Audit Committee of the Board of Directors.
What is the internal audit function?
Internal audit (IA) functions' main job is to promote operational sustainability and assist decision-makers in safeguarding organizational assets and reputations—tasks that have come under growing strain over the past year.
The CFO or CEO, as well as the Board of Directors' Audit Committee, receive reports from the internal audit division.
Determining conformity with policies and procedures is one of an audit department's main duties.
Evaluate the effectiveness of internal controls.
Internal auditing activities: assessing controls and offering guidance to managers at all levels. assessing dangers.
Operations analysis and information confirmation. cooperating with additional assurance suppliers.
The criterion, condition, cause, consequence, and corrective action are frequently listed in internal audit reports.
Therefore, reports from the internal audit function are given to the CFO or CEO as well as the Audit Committee of the Board of Directors.
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Inflation is assumed to be a temporary problem that does not affect financial decisions.
While it is true that inflation is often temporary, it can still have a significant impact on financial decisions.
What is financial?Financial refers to the management of money, including its investment, lending, budgeting, and saving. It is based on the principles of economics, which studies how people, businesses, and governments make decisions about money. Financial activities include the buying and selling of stocks, bonds, mutual funds, and other investments, borrowing money from lenders such as banks, and managing personal budgets. Financial planning and advice are important for individuals and businesses to make wise decisions about their finances and ensure long-term financial stability.
Inflation can affect the cost of goods and services, for example, and can reduce the purchasing power of a currency. It can also cause interest rates to rise, which affects the cost of borrowing. As such, it is important to consider the potential impact of inflation when making financial decisions.
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Write a muical expreion with at leat three operation that ha the ame value a (12-9) x 43 jutify your anwer
The required numerical expression with at least three operations that yield the same value as (12-9) x 43 is (23 - 20) x (40 + 3).
First, determine the solution for the given expression:
= (12-9) x 43
= 3 x 43
= 129
The given expression gives result 129.
Now write a numerical expression that provides the same value as the expression (12-9) x 43 produces.
For instance,
= (23 - 20) x (40 + 3)
Now solve it to check to see if it gives 129.
= (23 - 20) x (40 + 3)
= 3 x 43
= 129
Therefore, (23 -20) x (40 + 3) is the required numerical expression.
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Juan is spinning a wheel with 4 unequal spaces marked with values of $200, $300, $400, and $600. The probability of landing on $200 is. The probability of landing on $300 is. The probability of landing on $400 is. The probability of landing on $600 is. The expected value of spinning the wheel once is $ , and the expected value of spinning the wheel three times is $.
The expected values for three spins of the wheel are 333 and 1000.
What is the probability?
Probability refers to the probability of dealing with the occurrence of random events.
All events must have a probability of 1.
The expected value for spinning the wheel is given by the formula:
E(x) = 2/9(200)+4/9(300)+2/9(400)+1/9(600)
E(x) = 44 4/9 + 133 1/3 + 88 8/9 + 66 2/3
E(x) = 333 1/3
The expected value for three rotations of the wheel is:
= (expected single spin)*(number of spins)
=333 1/3*3
=1000/3*3
=1000
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as presented in this chapter, the tiny house movement is a reaction to failures in
The Tiny House Movement is a social, environmental and economic movement that has gained popularity in recent years and It is a reaction to the perceived failures of the traditional American Dream, which is often associated with homeownership, large homes, and material wealth.
Tiny house advocates believe that living in smaller homes is a more sustainable, affordable, and fulfilling lifestyle. Many tiny house owners are seeking to simplify their lives and live with less clutter and possessions, reduce their carbon footprint, and live more in harmony with nature.
Tiny houses are usually built on wheels to allow for mobility and can be easily relocated. They are also designed to be energy efficient and environmentally friendly, using renewable energy sources like solar panels.
Despite its growing popularity, the Tiny House Movement faces challenges, including zoning and building regulations, as well as financing and insurance. Overall, the Tiny House Movement represents a cultural shift towards minimalism, sustainability, and self-sufficiency, and it provides an alternative to traditional homeownership.
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I need a 2 paragraph essay about the importance of careers
Answer: Career is a very important thing in one's life. Whatever career path you choose to follow, it will impact your life greatly. Your career will define your status in a society in addition to your lifestyle. In other words, your career will determine your social circle and relationships.
Explanation:
Why do mixed economy in both public and private sectors have a vital role in the growth of economy?.
In a mixed economy, the private and public areas coincide. There is some monetary scope, permitting organizations to conclude how best to allot their assets and pursue benefits.
A mixed economy blends the private and public areas. Most of the methods for creation are in many cases still exclusive in blended economies, with government mediation coming as regulations.
In a mixed economy, components of both private enterprise and communism are available. A country with this kind of economy comprises public and confidential areas, with private organizations holding back nothing and the public authority zeroing in on the government assistance of the populace.
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What is the difference between an unsecured and a secured business loan?.
The distinction between a secured loan and an unsecured loan is that in a secured loan, the borrower pledges assets as security; as a result, the cost may be lower than in an unsecured loan.
A secured loan is one where the borrower pledges some form of collateral, such as an asset. In the event that the borrower violates any conditions of the agreement, it is secured by the assets.
On the other hand, an unsecured loan is one that is not backed by any assets. As there is no security to cover or reduce the loss in the event of a term default, the risks associated with this type of loan are higher.
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Which definition of economics is best and why?
a) The study of how producers decide what inputs to hire and what outputs to produce.
b) The study of how a provincial government allocates tax dollars.
c) The study of how individuals, businesses, governments, and entire societies make choices as they cope with scarcity and the incentives that influence and reconcile those choices.
d) The study of how consumers spend their income.
e) The study of how consumers and producers meet each other at the market
c) The study of how individuals, businesses, governments, and entire societies make choices as they cope with scarcity and the incentives that influence and reconcile those choice is best definition of economics.
Economics is a social science discipline that studies how people interact with one another given their resources. It is concerned with consumption, production, and distribution decisions, as well as the consequences of these decisions.
Economists examine how resources are allocated for production, distribution, and consumption, assuming humans have unlimited demands within a world of limited means.
Microeconomics studies individual and corporate decisions, whereas macroeconomics studies the behavior of the economy as a whole, on an aggregate basis.
The 8th-century B.C. Greek farmer and poet Hesiod was one of the earliest known economists, writing that work, materials, and time needed to be distributed properly to combat shortages.
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A free enterprise system provides individuals the opportunity to make their own economic decisions, without restrictions from the government. it allows the supply and demand of consumers to determine the success or failure of an economic endeavor. as a result, some business owners have become successful, while others have not. in an essay, you will choose an entrepreneur and argue whether the free enterprise system was necessary for that individual to make an impact on the business world. Please write an essay. Not a short paragraph.
The entrepreneur I have chosen to focus on in this essay is Steve Jobs, co-founder of Apple Inc. Steve Jobs is widely recognized as a pioneer in the technology industry and is credited with revolutionizing the way we interact with technology through the development of products such as the Macintosh computer, the iPod, and the iPhone.
The free enterprise system, also known as capitalism, allows individuals the freedom to pursue their own economic goals without interference from the government. In the case of Steve Jobs, this system played a crucial role in his ability to make an impact on the business world.
Without the free enterprise system, Steve Jobs would not have been able to start Apple Inc. and bring his innovative ideas to the market. The ability to start a business and compete in the marketplace is a fundamental aspect of capitalism. Steve Jobs' drive and determination to succeed, combined with the freedom to start a business, allowed him to create and market products that changed the world.
Furthermore, the free enterprise system also allows for the success or failure of a business to be determined by consumer demand. This is known as the "invisible hand" of the marketplace. Steve Jobs' ability to consistently create products that consumers wanted and were willing to pay for was a major factor in his success as an entrepreneur. The market demand for Apple's products, such as the iPod, iPhone, and iPad, helped the company become one of the most valuable in the world.
In conclusion, Steve Jobs' impact on the business world can be attributed, in part, to the free enterprise system. The freedom to start a business and the ability for consumer demand to determine success allowed Steve Jobs to bring his innovative ideas to the market and change the way we interact with technology. Without the free enterprise system, it is unlikely that Steve Jobs would have been able to achieve the level of success that he did as an entrepreneur.
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the philosophy of utilitarianism is used to explain why restaurants, theaters, and hotels should make themselves handicapped accessible.
Utilitarianism will produce both winners and losers. Utilitarianism is a philosophical school that argues that disability accessibility in places like restaurants, theatres, and hotels is essential.
What exactly is utilitarianism?Morality is determined by emphasising outcomes, according to utilitarian ethical theory. This type of consequentialism exists in this context.
A decision should be made if it will result in the greatest amount of benefit for the greatest number of people, according to utilitarianism. This is the only moral foundation that can support the use of force or war.
It is also the most commonly used method of moral reasoning in business because it considers both costs and benefits.
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which one of the following statements regarding corporations is correct?A. A corporation is a separate legal entity.B. A corporation has easy transferability of ownership.C. A corporation may have the ability to raise large amounts of capital.D. A corporation's owners have unlimited liability.
A corporation is a separate legal entity is a most correct among the following regarding corporation.
Option A is correct.
Corporation:A corporation is a type of business owned by shareholders who elect a board of directors to oversee the company's operations. The business's actions and finances are the responsibility of the corporation, not the shareholders.
What is a corporation's purpose?Academics refer to the "shareholder primacy norm," and many refer to the task of corporate managers as "shareholder wealth maximization." Today, the standard response is that a corporation exists to benefit its shareholders.
What is the corporate structure?A management team and a board of directors make up the most common corporate structure in the United States. Most of the time, there are both inside directors who work every day at the company and outside directors who can make sound decisions.
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Where do banks get the majority of the money they lend?.
Answer:
Banks collect savings from households and businesses (savers) and use these funds to make loans to those who want to borrow (borrowers).
Banks assemble savings from individuals and companies (savers) and utilize these resources to provide loans to borrowers.
Financial institutions known as banks offer a variety of services pertaining to lending, managing finances, and conducting financial transactions. By enabling the movement of money and providing a range of financial goods and services, they contribute significantly to the economy resources . Banks perform the following important tasks and offer the following services:
Deposits: Banks welcome contributions from private citizens, companies, and other nonprofits. These deposits might be in the form of savings accounts, checking accounts, certificates of deposit (CDs), and other kinds of accounts. Government-backed schemes that guarantee deposits often exist to safeguard the money of clients.
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Which of the following taxes will be levied on imports?
A. CGST
B. SGST
C. IGST
D. CGST and SGST
IGST is the tax that will be levied on imports of goods and services. Option C is the correct answer.
The majority of products and services sold for domestic use are subject to the goods and services tax (GST), a value-added tax (VAT). Consumers pay the GST, but businesses that sell the products and services are responsible for remitting it to the government.
Both the CGST and SGST will be collected when a state's borders are crossed to provide goods or services, a practice is known as intra-state transactions. In contrast, only IGST will be collected if a supply of goods or services occurs in what is known as inter-state transactions.
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why do businesses want customers to demonstrate brand insistence for them?
Businesses want customers to demonstrate brand insistence for them as customers will avoid competing brands due to their loyal to the brand and will only purchase the desired brand.
A brand is a product, service, or concept that's also openly distinguished from other brands, services, or concepts in order to facilitate communication and marketing. Branding is the method of creating and promoting the brand name, as well as its characteristics and personality. Branding can refer to both the overall corporate identity and specific products, services, or concepts. David Ogilvy, the founder of the advertising agency Ogilvy & Mather, defined a brand as "the intangible total amount of a company's attributes: its name, wrapping, and price, its history, prestige, and the way it's publicised."
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the industry that provides commodities that are basic to life is
The industry that provides commodities that are basic to life is Agriscience. Additionally, agriculture is a business that supplies the global economy with goods.
Option C is correct
What is agriculture's significance?
The technology sector receives a lot of attention when global supply chains are disrupted. For instance, a manufacturer's capacity to produce automobiles, computers, and other goods is restricted due to a lack of silicon chips, a non-agricultural raw material. Many areas of society and business are affected by this.
In a world with interconnected economies, agriculture also plays a crucial role in satisfying consumer and business market demand.
What exactly is agribusiness, exactly?The economic activities based on or connected to farm products are referred to as agribusiness. To put it another way, crop production, processing, transportation, and distribution
Incomplete question :
The industry that provides commodities that are basic to life is
a. aerospace.
b. biotechnology.
c. agriscience
d. transportation
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the three most common forms of business organization are sole proprietorship, _____, and ____ ?
What are the 4 types of interaction?.
The four primary types of interaction are competition and predation, parasitism, mutualism, and commensalism.
Competition and Predation:
Predation is the term for when an animal chases another one to meet its nutritional needs. An organism that hunts its prey is a predator.
Commensalism:
One entity benefits while the other neither suffers nor gains from the imbalanced sort of contact. There are four different kinds of commensal relationships.
Parasitism:
One entity gains from other entities and suffers harm, but not always death. The host is the entity that suffers, whereas the parasite benefits. This form of behavior is known as parasitoidism when the host is dead.
Mutualism:
The relationship benefits both species involved. Three patterns can be seen in these interactions:
Under favorable conditions, species can exist on their own.Obligate mutualism: One species depends on the other to survive Diffusive mutualism: One entity can coexist with a variety of partnersFor such more question on interactions:
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Izzy Corporation reported the following in its 2016 financial statements (in millions): (in millions) Total assets Revenues Research and development expense Net income December 31, Year 2 $96,328 $50,479 $12,740 $8,769 December 31, Year 1 $86,240 $47,052 $12,128 $9,707 What is the common-size amount for Izzy Corporation's research and development expense for Year 2
25.2% is the common size amount for Izzy Corporation's research and development expense for Year 2.
Financial managers use common size analysis, also known as vertical analysis, as a tool to examine financial statements. Each line item is expressed as a percentage of the base amount for that period to evaluate financial statements.
When common size analysis is being performed, the base for all expense items would be sales.
Research and development is an expense, so for a common size analysis of this account, the base would be sales.
For year 2:
Sales =$50,479
Research and development expense = $12,740
common size amount= Research and development/ Sales × 100
( 12,740/50,479) × 100 = 25.2%
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Why is it important to read a fund fact sheet before investing in a bond fund?
The fund's performance over the past ten years will be presented in the fact sheet. Because it provides a sense of the fund's past and current trajectory, this is essential information to have before purchasing a fund.
What is the objective of the fact sheet for the fund?An overview of a fund, including information on the fund's investment objective, risk level, costs, past performance, and holdings, is known as a fund factsheet. One of the most convenient and timely resources for investors to learn about a fund is the factsheet, which is typically published monthly and available online for free.
How do you present fund information?A Fund Facts document provides a summary of important information about the fund you've purchased, such as its risk rating, investments, and performance history.
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what group of individuals establishes the policies that govern fbla-pbl?
Board of directors group of individuals establishes the policies that govern fbla-pbl.
The highest governing body of a corporation or publicly listed company's management structure is the board of directors. The board's responsibilities include choosing, assessing, and approving the chief executive officer's (CEO) compensation, determining whether to pay dividends, recommending stock splits, supervising share repurchases, approving the company's financial statements, and recommending or rejecting merger and acquisition opportunities, among other things.
Individual men and women who are elected by the company's shareholders for tenure lasting several years make up boards. As a result of the rotational systems used by many businesses, only a small portion of the directors are up for election each year.
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It is better for businesses to have opportunity costs, as it often gives them a comparative advantage.
It is better for businesses to have opportunity costs, as it often gives them a comparative advantage. The required answer is Lower.
What do you mean by a business?
A business is an organization or entity involved in the trade of goods, services, or both to consumers. Businesses are prevalent in capitalist economies, where most of them provide goods and services to customers in exchange for other goods, services, or money. Businesses may also be not-for-profit or state-owned. A business owned by multiple individuals may be referred to as a company, although that term also has a more precise meaning. Businesses range in scale from a sole proprietorship to an international corporation. Broadly, the term covers all activities by which goods and services are provided to consumers.
So, The required answer is Lower.
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which type of firm invests in lean manufacturing programs in order to improve customer service levels for a given inventory investment?
make-to-stock type of firm invests in lean manufacturing programs in order to improve customer service levels for a given inventory investment.
A concept known as "lean manufacturing" aims to increase productivity while eliminating waste in industrial systems. Anything that buyers do not think adds value to and are not prepared to pay for is considered waste. Lean manufacturing has many advantages, some of which include shorter lead times, lower operational expenses, and better product quality.
Organizations from a variety of industries can enable the practice of lean manufacturing, commonly referred to as lean production or lean. Toyota, Intel, John Deere, Nike, and other well-known corporations all employ lean techniques. The strategy is still employed by numerous other businesses and is based on the Toyota Production System. A lean production system might be advantageous for businesses that use enterprise resource planning (ERP).
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1. Which of the following is not true of a debenture?
a. Debenture holders get a fixed rate of return b. All businesses can have debenture holders
c. They must be repaid on an agreed date
d. Debenture holders are creditors of the company
Answer:
B.
Explanation:
A debenture can only be taken on a limited company or limited liability partnership; it can't to be taken over a sole trader or standard partnership. A director who has advanced or lent money into their own company could take a debenture to secure the loan. A private lender can also take a debenture.
Job A3B was ordered by a customer on September 25. During the month of September, Jaycee Corporation requisitioned $1,500 of direct materials and used $3,000 of direct labor. The job was not finished by the end of September, but needed an additional $2,000 of direct materials and additional direct labor of $4,500 to finish the job in October. The company applies overhead at the end of each month at a rate of 200% of the direct labor cost incurred. What is the balance in the Work in Process account at the end of September relative to Job A3B
The balance in the Work in Progress account at the end of September relative to job A3B is $10500.
During September month material amounting to $1500 and direct labor amounting to $3000 was introduced in the process and Overheads at the end of each month is 200% of direct labor.
Cost incurred = 200% of $3000
= $6000.
As specified by the question that the job is not finished at month end and additional material and labor amounting to $2000 and $4500 respectively is required in October month . So the whole cost incurred in September month that is $1500+$3000+$6000=$10500.
$10500 is transferred to Work in progress account . When Job gets finished that is in month of October the whole cost amounting to 10500+2000+4500+(4500*200%) =$ 26000 transferred to Finished Goods Account.
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what happens to treasury bonds if the government defaults
Bond prices increase when bought on the open market, but they decrease when sold on it. Bond prices increase and interest rates decrease when the Federal Reserve issues Treasury bonds.
By expanding the money supply and decreasing the interest rate on the money market, open market purchases reduce the value of money.
In other words, it motivates banks to increase lending. Banks' cash reserves at the Fed rise as a result of the Fed buying their bonds.
As their liquidity buffer increases, banks are more motivated to provide loans. Increased expenditure and investment are supported by credit that is more accessible and less costly.
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The um of two number i 22. Twice the firt number minu the econd i 17. Find the two number
Two numbers add up to 22, thus. The two numbers are x=13 and y=9 since the first number is twice the second, which is 17.
We can find the values of x and y by solving this equation
The word "equation" refers to a mathematical assertion where two expressions with equal values are separated by the sign "equal to." Equations come in a variety of forms, including linear, quadratic, cubic, and others. There are many different methods to define an equation. The definition of an equation in algebra is a mathematical statement that demonstrates the equality of two mathematical expressions. Mathematical algebraic equations typically include one or more variables.
Three numbers add up to 50. The first number is divided in half by the third number, which is divided in half by the second number.
x + y = 22
2x-y = 17
Adding above equation we get,
3x=39
x=13
substitute the value in above equation we get,
13+y=22
y=22-13
y=9
Here, a linear equation is formed. More than one variable may be present in a linear equation. An equation is said to be linear if the maximum power of the variable is consistently 1. Another name for it is a one-degree equation. This linear equation may be solved to determine the values of x and y.
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What are factors of production resources used to provide goods and services?.
Answer:
Capital
Labour
Land
Entrepreneurship
Members of Generation Z are most likely to influence? a. furniture design b. health care and insurance.c. retirement plans. d. e-textbooks
The correct answer is option d. Members of generation Z are most likely to be influenced by e-textbooks.
A portion of the population that is known as Generation Z was born between 1996 and 2010. They are most likely to be influenced by internet platform. This members of this generation spends a huge amount of time on the internet and especially on social media. They are readily swayed by it.
Gen Z, as they are generally known as, grew up with technology, the internet, and social media. It labelled them to be stereotyped as tech-addicted, anti-social, or “social justice warriors". This generation is the one that follows Millennials and comes before Generation Alpha. They are also known as zoomers.
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you are thinking about opening a small copy shop. it costs $5,000 to rent a copier for one year, and it costs $0.03 per copy to operate the copier. other fixed costs of running the store will amount to $400 per month. you plan to charge an average of $0.10 per copy, and the store will be open 365 days per year. each copier can make up to 100,000 copies per year. use the attached excel starter file to build your excel model.
a. For one to five copiers rented and daily demands of 500, 1000, 1500, and 2000 copies per day, find annual profit. That is, find annual profit for each of these combinations of copiers rented and daily demand.
b. If you rent three copiers, what daily demand for copies will allow you to break even?
c. Graph profit as a function of the number of copiers for a daily demand of 500 copies; for a daily demand of 2000 copies. Interpret your graphs
a) To find an annual profit, we can use the inputs provided and use excel to create a two-way data table that shows the profit for different combinations of copiers rented and daily demand.
We can use the formula:
Annual Profit = (Daily Demand * 365 * Charge per copy) - (Copies per year * Cost per copy) - (Yearly rental cost + Other monthly fixed costs * 12)
b) To find the daily demand that will allow you to break even, we can use excel's Goal Seek function, by setting annual profit to zero and solving for daily demand by using the copiers rented as the trial value.
c) To graph profit as a function of the number of copiers for a daily demand of 500 copies and a daily demand of 2000 copies, we can use the data from the two-way data table and use excel to create the graph. The graph will show how profit changes with the number of copiers and the daily demand, the slope will be steeper for a higher number of copiers. The graph for a daily demand of 500 copies will show a lower profit than the graph for a daily demand of 2000 copies because of the difference in the demand. It is important to note that this is a simplified example and it is important to consider other factors such as competition and market conditions before deciding to open a copy shop.
An excel template is provided in the image below.
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Which one of the following characteristics applies to a limited liability company?
A. available only to firms having a single owner
B. limited liability for limited partners only
C. taxed similar to a partnership
D.taxed similar to a C corporation
E. all income generated is totally tax-free
Out of the provided characteristics, it may be concluded that a limited liability company is such an organization which is taxed similar to a partnership company. Therefore, the option C holds true.
A limited liability company is usually to be taken into consideration as a company whose members are subjected to have limited liability only up to the limit of capital that they have invested into the business. Moreover, no members are held personally liable, and taxation is as per the rules of a partnership firm.
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