Which of the Following Statements Is NOT True

question 36

Multiple Choice

Which of the following statements is NOT true?

• A) The traditional form of the corporation is called a C-Corporation (C-Corp)
• B) The income and losses of S-corporation (S-Corps) pass through to the tax returns of its owners and are then taxed at the individual rates
• C) A benefit corporation (benefit corp) is a tax exempt nonprofit corporation
• D) A Limited Liability Company (LLC) can choose whether to be taxed as a partnership or as a corporation

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Definitions:

Level Of Satisfaction

A measure of how goods, services, or conditions meet an individual's needs, desires, or expectations.

Risk Averse

A description of an individual or entity that prefers to avoid risk or chooses lower risk options when faced with uncertainty, often prioritizing security over potential higher returns.

Utility Function

A mathematical representation describing how consumers rank different bundles of goods based on the level of satisfaction they provide.

Marginal Utility

The extra pleasure or benefit derived from the consumption or utilization of an additional unit of a product or service.