What Is a Hybrid Entity That Has the Legal Protections

question 39

Multiple Choice

What is a hybrid entity that has the legal protections of a corporation and the ability to be taxed (one time) as a partnership?

• A) Limited partnership
• B) Limited liability corporation
• C) Limited proprietorship
• D) Limited shareholder

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Definitions:

Coordination Through Standardization

The process of ensuring that organizational tasks and procedures are uniform, facilitating synchronization across different parts of an organization.

Coordinating Mechanism

Techniques and processes used to align and manage tasks, resources, and people within an organization.

Organizational Structures

The system of tasks, workflows, reporting relationships, and communication channels that link the diverse parts of an organization.

Span of Control

describes the number of subordinates a manager or supervisor can directly control or oversee effectively.