Question

Which of the following is considered a hybrid organizational form?

1) Limited liability partnership
2) Sole proprietorship
3) Partnership
4) Corporation

Answer 1

A limited liability partnership is considered a hybrid organizational form as it combines elements of both partnerships and corporations.

Step-by-step explanation:

A hybrid organizational form refers to a business structure that combines elements of two or more types of organizations. Among the options provided, the limited liability partnership is considered a hybrid organizational form. In a limited liability partnership, multiple partners share the responsibility and management of the business while also enjoying limited personal liability for the company's debts and obligations. This form of organization provides a blend of features from both partnerships and corporations, making it a hybrid choice.