Which One of the Following Statements Is Correct

question 39

Multiple Choice

Which one of the following statements is correct?

• A) A general partnership is legally the same as a corporation.
• B) Income from both sole proprietorships and partnerships that is taxable is treated as individual income.
• C) Partnerships are the most complicated type of business to form.
• D) All business organizations have bylaws.
• E) Only firms organized as sole proprietorships have limited lives.

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Definitions:

Recruiting

The process of identifying, attracting, interviewing, selecting, and hiring employees to fill job vacancies within an organization.

Types of Recruiting

Various methods and strategies used by organizations to find and attract potential candidates for employment.

Wrongful Discharge

The illegal termination of an employee's contract of employment against the law or the contract terms.

Employment-At-Will

A legal doctrine stating that an employer can terminate an employee at any time without any reason, as long as the reason is not illegal, and vice versa for the employee.