Identify Which of the Following Statements Is True

question 45

Multiple Choice

Identify which of the following statements is true.

• A) 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.
• B) A partnership is "publicly traded" only if its interests are traded on an established securities exchange.
• C) When a partnership is divided into two or more new partnerships, all of the resulting partnerships must be considered new partnerships.
• D) All of the above are false.

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Definitions:

Planning

The process of outlining the steps, resources, and timeline needed to achieve specific goals or objectives.

Control Process

The systematic procedure organizations use to direct, regulate, and manage their operations and resources towards achieving set objectives.

Performance Objectives

Specific, measurable goals set to evaluate the effectiveness of employees or organizational processes.

Performance Measurement

The process of evaluating the efficiency and effectiveness of action, often through quantifiable metrics or benchmarks.