Identify Which of the Following Statements Is True

question 19

Multiple Choice

Identify which of the following statements is true.

• A)When a partnership is divided into two or more new partnerships, all of the resulting partnerships must be considered new partnerships.
• B)A partnership is "publicly traded" only if its interests are traded on an established securities exchange.
• C)A limited liability company is a form of business entity that combines the legal benefits of the corporate form with the tax benefits of the partnership form.
• D)All of the above are false.

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Definitions:

Organizational Setting

The physical and social environment in which an organization operates.

Leadership Model

A framework that describes styles, attributes, or behaviors effective in guiding, motivating, and managing groups or organizations.

Subordinates Share

The act of sharing information, resources, or responsibilities among individuals with lower positions within the organizational hierarchy.

Goals Achieved

The successful attainment of objectives or targets.