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.

Appreciate the impact of sibling presence on cognitive skills reflecting concepts like the zone of proximal development.

Understand the limitations of preoperational thinking and how they are overcome in later stages.

Acknowledge the influence of cultural factors on the progression through cognitive developmental stages.

Realize the implications of early childhood temperament on later behavior and emotional problems.

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Definitions:

Life Imprisonment

A prison sentence where the convict is required to remain in prison for the rest of their life or until parole is granted, if eligible.

Common Law

A body of unwritten laws based on legal precedents established by the courts.

Mens Rea

The legal principle of intent that must be proven in many crimes, referring to the criminal intent of the perpetrator.

White-collar Crimes

Non-violent crimes committed by individuals, typically during the course of their business activities, involving deception for financial gain.