> Question 8 1 pts An airline company is purchased by an electric company. This purchase would be considered a merger vertical O horizontal O status O conglomerate Question 9 1 pts Which statement is TRUE about Limited Liability Companies (LLCs)? O LLCs are one of the oldest forms of ownership in the United States. LLCs are subject to only the federal laws governing operations, making operating in more than one state rather complex O LLCs in their most common form are schools and nonprofit organizations LLCs can be taxed like a partnership