Identify Which of the Following Statements Is True

question 34

Multiple Choice

Identify which of the following statements is true.

• A)Formation of a partnership requires legal documentation.
• B)An individual engaged in the active conduct of a business must elect not to be taxed as a partnership.
• C)A partnership exists as long as there are at least two individuals or entities engaged in the active conduct of a trade or business or a financial operation, and the business is not a trust or a corporation.
• D)All of the above are false.

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Definitions:

Renewable Energy Sources

Energy sources that can be replenished and are considered environmentally friendly, such as solar, wind, hydroelectric, and geothermal power.

Resource-Constraint Problems

Challenges faced due to the limited availability of resources necessary to complete tasks or projects.

Sustainable Innovation

Innovation focused on creating new products or processes that meet current needs without compromising the ability of future generations to meet their needs.

Reducing Risks

Implementing strategies and measures to minimize potential harm or losses in various contexts, such as financial investments or business operations.