For a Limited Liability Company with 100 Unrelated Owners

question 70

Multiple Choice

For a limited liability company with 100 unrelated owners:

• A) An election can be made to be taxed as a C corporation.
• B) An election can be made to be taxed as an S corporation.
• C) An election can be made to be taxed as a partnership.
• D) Only a. and c. are correct.
• E) a., b., and c. are correct.

---

Definitions:

Dairy Queen

A chain of soft serve ice cream and fast-food restaurants owned by International Dairy Queen, Inc.

Chocolate Mousse

A rich, fluffy dessert made primarily from chocolate and cream.

Conditioned Stimulus

A conditioned stimulus is a previously neutral stimulus that, after becoming associated with the unconditioned stimulus, eventually comes to trigger a conditioned response.

Pavlovian Conditioning

A form of learning in which a neutral stimulus comes to elicit a response after being paired with a stimulus that naturally brings about that response.