Identify Which of the Following Statements Is True

question 67

Multiple Choice

Identify which of the following statements is true.

• A) An S corporation must generally use a calendar year.
• B) A corporation that is a member of an affiliated group filing a consolidated tax return may be allowed a tax year which is different from the group's parent.
• C) A corporation's first year must cover a twelve- month period.
• D) All of the above are false.

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Definitions:

Psychological Consequences

The mental and emotional outcomes or effects that arise from a particular event, condition, or situation.

360-degree Feedback

A comprehensive performance evaluation system where feedback is gathered from all directions including supervisors, peers, subordinates, and sometimes, customers.

Self-evaluations

Assessments individuals make about their own abilities, performance, and worth.

Evaluation Interviews

are formal discussions between a supervisor and an employee to review performance, set goals, and discuss career development.