Unless a Limited Liability Company Indicates Otherwise, the Internal Revenue

question 64

True/False

Unless a limited liability company indicates otherwise, the Internal Revenue Service automatically taxes it as a partnership.

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Definitions:

Extinction

In behavior, the process by which a previously reinforced behavior is weakened by no longer providing reinforcement.

Negative Reinforcement

A behavioral technique that strengthens a behavior by removing or avoiding a negative outcome or stimulus.

Organizational Behaviour

The study of how people interact within groups, particularly the workplace, and how this affects the performance of businesses.

Punishment

A penalty or negative consequence imposed for disobedience, wrongdoing, or other undesirable behavior.