Which of the Following Is True About Forms of Businesses

question 48

Multiple Choice

Which of the following is true about forms of businesses?

• A) Partnerships involve the separation of ownership and management.
• B) Sole proprietorships are the same as S corporations.
• C) A corporation's owners directly absorb profits and losses.
• D) Double taxation is a big disadvantage of S corporations.
• E) The owners of an LLC are not personally responsible for debts that the LLC accumulates.

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Definitions:

Selling Process

A series of steps a salesperson follows to persuade a customer to purchase a product or service, typically involving stages such as approach, needs assessment, presentation, and close.

Sales Technology

Tools and software designed to enhance the efficiency and effectiveness of sales processes.

Inbound Calls

Calls initiated by customers or clients to a business or organization, typically for inquiries, support, or transactions.

Customer Complaint

Feedback or expression of dissatisfaction from a customer regarding a product's or service's perceived failure or shortcoming.