Identify Which of the Following Statements Is True

question 118

Multiple Choice

Identify which of the following statements is true.

• A)Under the check-the-box regulations, an LLC that has one member (owner)may be disregarded as an entity separate from its owner.
• B)An unincorporated business may not be taxed as a corporation.
• C)A new LLC that is owned by four members elects to be taxed under its default classification (as a partnership)in its first year of operations. The entity is prohibited from changing its tax classification at any time in the future.
• D)All of the above are false.

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Definitions:

Self-Exploration

The process of examining one's own thoughts, feelings, and behaviors in order to gain insight.

Collective Unconscious

A theory proposing that societies share a set of memories and ideas inherited from their ancestors, independent of personal experience.

Carl Jung

A Swiss psychiatrist and psychoanalyst who founded analytical psychology, known for his theories of the collective unconscious and archetypes.

Psychodynamic Theories

Theories developed by Freud’s followers but usually differing somewhat from Freud’s original theories.