To Avoid Double Taxation, a New Entrepreneur May Elect to Organize

question 116

Multiple Choice

To avoid double taxation, a new entrepreneur may elect to organize as a(n) :

• A)cooperative
• B)multiple proprietorship
• C)S corporation
• D)conventional corporation
• E)C corporation

---

Definitions:

Total Utility

The total satisfaction or benefit received by consuming a particular quantity of goods or services.

Marginal Utility

The extra pleasure or advantage obtained when consuming an additional unit of a product or service.

Utility Schedule

A table showing the different levels of satisfaction (utility) a consumer gets from consuming varying quantities of a good or service.

Utility Schedule

A representation that shows various quantities of a commodity or service and the utility or satisfaction derived from each.