All of the Following Statements Are True Except

question 1784

Multiple Choice

All of the following statements are true except

• A) the net income of C corporation is subject to double taxation because it is taxed at the entity level and dividends paid from the C corporation to individual shareholders is also taxed.
• B) the net income earned by a sole proprietorship is reported on the owner's individual income tax return.
• C) LLCs are generally taxed as partnerships.
• D) the net income of an S corporation is subject to double taxation because it is taxed at the entity level and dividends paid from the S corporation to individual shareholders are also taxed.

---

Definitions:

Achieve Goals

The process of identifying desired outcomes and taking steps to accomplish them.

360-degree Surveys

An assessment tool that collects feedback on an individual's performance from a variety of sources, including peers, subordinates, supervisors, and sometimes clients.

Leadership Competencies

The set of skills, behaviors, and attitudes that enables an individual to effectively guide, direct, and influence a group towards achieving goals.

Influence Actions

Efforts or strategies intended to affect the behaviors or decisions of individuals or groups.