Task: Class Definition Understanding (ontology: Legal/LKIF_Core_Ontology)

Which of the following definitions best describes 'PLC'?

A. A kind of (philanthropic) organization, set up as a legal entity either by individuals or institutions, with the purpose of distributing grants to support causes in line with the goals of the the concept
B. A the concept is a corporation whose liability is limited by law
C. Similar to the US corporation, offers several advantages over trading as sole trader.
D. An organized group of people associated together for religious, benevolent, cultural, scientific, political, patriotic, or other purposes.

Answer: Similar to the US corporation, offers several advantages over trading as sole trader.