Harry and Ilene Want to Market a New Line of Kayaks

question 67

Multiple Choice

Harry and Ilene want to market a new line of kayaks and related gear under the brand name Journeys as a corporation-Journeys Inc. To avoid income taxes at the corporate level, they should form​

• A) ​an alien corporation.
• B) ​a close corporation.
• C) ​an S corporation.
• D) ​a private corporation.

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Definitions:

Ethical Problems

Dilemmas or situations that require a choice between options that are or appear to be, ethically wrong or right.

Leading

Leading creates enthusiasm to work hard to accomplish tasks successfully.

Following

The act of adhering to or being guided by the instructions, leadership, or direction provided by someone else.

Achievement-Oriented Leadership

Emphasizes setting goals, stressing excellence, and showing confidence in people’s ability to achieve high standards of performance.