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Which Statement(s)is (Are)correct

question 14

Multiple Choice

Which statement(s) is (are) correct?


Definitions:

Subchapter S Corporation

A form of corporation in the United States that meets specific Internal Revenue Code requirements, allowing it to be taxed as a pass-through entity.

Constituents

Individuals or groups that have a stake or interest in the actions and success of an organization, business, or political entity.

For-Profit Organization

An entity that operates with the primary goal of earning profit for its owners or shareholders.

Privately Owned

Describes businesses or assets owned by individuals or companies and not by the government or the public.

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