Identify Which of the Following Statements Is False

question 57

Multiple Choice

Identify which of the following statements is false.

• A)The check-the-box regulations permit an LLC to be taxed as a C corporation.
• B)Under the check-the-box regulations, an LLC that has only two members (owners)must be taxed as a partnership.
• C)A business need not be incorporated under state or federal law to be taxed as a corporation.
• D)Once an election is made to change its classification, an entity cannot change again for 60 months.

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Definitions:

Field Experiments

Research studies conducted in natural settings outside the laboratory to study the effect of independent variables on real-life behaviors.

Consent Form

A document that participants receive before a study begins; the form contains enough information about the study procedures, including any potential harm they (or others) might experience, so participants can decide if they want to participate.

Informed Consent

A process in which individuals are clearly briefed on the key facts and risks of a procedure or experiment before agreeing to participate.

Psychological Study

The scientific research or investigation into human mind and behavior, exploring various aspects such as cognition, emotion, and social interactions.