A Lumpy Input Is One That

question 85

Multiple Choice

A lumpy input is one that

• A)is infinitely divisible
• B)is not smooth
• C)can only be adjusted in large amounts
• D)can not be legally employed
• E)can be easily adjusted in small amounts

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Definitions:

S Corporation

A type of corporation in the United States that is taxed under Subchapter S of the Internal Revenue Code, with profits passing through to shareholders to be taxed at individual income tax rates.

Sole Proprietorship

A business owned and operated by a single individual, with no separation between the business and the owner, legally or financially.

Partnership

A partnership is a legal business structure where two or more individuals share ownership, responsibilities, and profits or losses of the business.

Corporation

A legal entity that is separate and distinct from its owners, with rights to enter into contracts, loan and borrow money, sue and be sued.