Which of the Following Is an Example of a "How

question 128

Multiple Choice

Which of the following is an example of a "how much" decision?

• A)The Pleasantville movie theatre is open only in the evenings.The theatre's manager is debating whether to add daily matinee shows.
• B)The Zhous have demolished their old home and are debating whether to build a ranch-style house or a Craftsman home.
• C)You're planning to hold a graduation party and must decide between having your party catered or having a pot-luck.
• D)Chelsea has withdrawn from the swim team to take a full-time job.

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Definitions:

Corporate Double Taxation

A tax principle where a corporation's income is taxed at both the corporate level and again as shareholder dividends at the personal level.

Personal Liability

The responsibility of an individual to bear the loss or to repay the debt from their own assets.

Operating Agreement

A document that outlines the governance and operating procedures of a limited liability company (LLC) among its members.

LLC

Limited Liability Company, a business structure that combines the pass-through taxation of a partnership or sole proprietorship with the limited liability of a corporation.