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:

Operant Conditioning

A learning process in which the likelihood of a behavior is modified by the consequences it leads to, such as rewards or punishments.

Positive Outcomes

Favorable or beneficial results or effects of an action or situation.

Infants

Very young children, typically under one year of age, who are in the earliest stages of physical and cognitive development.

Behaviors

Behaviors are the range of actions and mannerisms made by individuals in conjunction with their environment, which includes the other systems or organisms around as well as the physical environment.