Daniel,his Parents,and Three Brothers Own All the Stock of Their

question 40

Multiple Choice

Daniel,his parents,and three brothers own all the stock of their family farm corporation,and each person takes an active role in managing the enterprise.This corporation,which is taxed as a corporation,is most likely a(n)

• A)S corporation.
• B)professional corporation.
• C)close corporation.
• D)proprietorship.

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Definitions:

Work Assignment

A task or set of tasks given to an individual or group as part of their job or studies.

Incentive

Something that motivates or encourages an individual to take action or behave in a certain way.

Homeostasis

The process by which living organisms regulate their internal environment to maintain a stable, constant condition for survival.

Ambient Temperature

The air temperature of any object or environment where equipment is stored or operated.