All of the Following Statements Are True Except

question 42

Multiple Choice

All of the following statements are true except

• A)the net income earned by a sole proprietorship is reported on the owner's individual income tax return.
• B)the net income of an S corporation is subject to double taxation because it is taxed at the entity level and dividends paid from the S corporation to individual shareholders are also taxed.
• C)the net income of C corporation is subject to double taxation because it is taxed at the entity level and dividends paid from the C corporation to individual shareholders is also taxed.
• D)LLCs are generally taxed as partnerships.

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Definitions:

Cohesive Groups

Social units where members share strong bonds, leading to high levels of cooperation and mutual support.

Incohesive Groups

Groups lacking unity or coherence, often resulting in lower effectiveness or productivity.

Norms

Shared expectations and rules that guide behavior of people within social groups.

Performance

Refers to the level at which an individual, group, or organization accomplishes its goals and objectives effectively and efficiently.