Which One of the Following Is Not One of the Corporation-Related

question 102

Multiple Choice

Which one of the following is not one of the corporation-related requirements for S corporation status?

• A)The corporation must be a domestic corporation.
• B)The corporation must not have any foreign-sourced income.
• C)The corporation must not be an "ineligible" corporation.
• D)The corporation must have only one class of stock.

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Definitions:

Bureaucracy

Max Weber’s ideal type of organization that included a strict chain of command, detailed rules, high specialization, centralized power, and selection and promotion based on technical competence.

Social Resources

refer to the assets and supports a person acquires through relationships and social networks, which can include emotional support, information, and material aid.

Organizational Behaviour

Organizational behaviour is the study of how people interact within groups and organizations, and how this behavior affects the performance, structure, and culture of the organization.

Human Resources Management

The strategic approach to the effective management of people in an organization to help the business gain a competitive advantage.