Which of the Following Is Not One of the Standards

question 68

Multiple Choice

Which of the following is not one of the standards that a business must meet to qualify for status as a subchapter S corporation?

• A) The business cannot be a subsidiary of another corporation.
• B) All shareholders must agree to have the corporation formed as a subchapter S corporation.
• C) It can have no more than 75 members (husbands and wives count as one member).
• D) It can have only one class of stock issued and outstanding.
• E) The shareholders must be U.S. citizens.

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Definitions:

Projective Measure

A type of personality test in which a person responds to ambiguous stimuli, revealing hidden emotions and internal conflicts.

Personality Approach

A theoretical perspective in psychology that focuses on studying individual differences in behavior and thought processes.

Measure Weakness

The process of identifying and assessing areas where performance or capability is below the desired standard.

Upward Comparison

The act of comparing oneself to others who are better off or more skilled, which can affect one's self-esteem.