An Important Factor to Consider When Determining How to Organize

question 23

Multiple Choice

An important factor to consider when determining how to organize a business is that:

• A)members of an LLC have unlimited liability and are taxed like members of a partnership.
• B)for accounting purposes,a proprietorship is a distinct entity,separate from the proprietor.
• C)partnerships are subject to double taxation.
• D)a corporation is not legally distinct from its owners.

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Definitions:

Head Injury

Trauma to the head, which can range from a mild bump or bruise to a serious brain injury.

Short-Term Memory Loss

A condition where a person has difficulties retaining recent information, often a precursor to long-term memory issues.

Sensory System

The part of the nervous system responsible for processing sensory information received from the environment, including sight, sound, touch, taste, and smell.

Mental Status

A state of a person's cognitive and emotional functioning which includes their consciousness, attention, orientation, memory, and mood.