Which of the Following Statements Is True of an S

question 93

Multiple Choice

Which of the following statements is true of an S corporation?

• A) It cannot have more than 100 shareholders.
• B) It is the official designation for a corporation with less than 500 employees.
• C) It is the least expensive form of organization to create.
• D) It does not have shareholders.
• E) It need not file an information return with the Internal Revenue Services since it does not pay any taxes.

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Definitions:

Resources

Materials, money, staff, and other assets that can be drawn on by a person or organization to function effectively.

Managed Care

A health care delivery system aimed at managing the cost, quality, and accessibility of healthcare services.

Clinical Practice

The application of theoretical and practical knowledge by healthcare professionals to diagnose, treat, and care for patients.

Specific Problems

Refers to unique or identifiable issues that need to be addressed or resolved within a given context.