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Question 1 Which one of the following correctly describes a Limited Liability Company (LLC)? O The owners have unlimited liability. O Business income is taxed

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Question 1 Which one of the following correctly describes a Limited Liability Company (LLC)? O The owners have unlimited liability. O Business income is taxed at the corporate rate. O Taxation at the member's individual rate and liability limited to owners investment. O Legal costs are low and liability is joint and sever. D Question 2 SWOT is an acronym that stands for? O Strengths. Working capital, Obligations and Threats. Strengths, Weaknesses Obligations, and Threats. Strengths, Weaknesses, Opportunities and Troubles. Strengths Weaknesses. Opportunities, and Threats

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