The Texas Executive, as It Presently Exists, Was Created ______

question 24

Multiple Choice

The Texas executive, as it presently exists, was created ______ years ago.

• A) 50
• B) 100
• C) 20
• D) 80

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Definitions:

Treasurer

An officer in an organization responsible for managing the institution's treasury, including financial planning, risk management, and investment activities.

Controller

A high-level executive responsible for overseeing the accounting operations of a company, including financial reporting and budgeting.

S-Type Corporations

A special designation that allows profits to be passed directly to shareholders without being subjected to corporate income taxes, but with limitations on number and type of shareholders.

Double Taxation

A situation in which the same income is taxed twice; this commonly applies to corporate income taxed at both the company level and again when distributed to shareholders as dividends.