Which One of the Following Statements Is Correct

question 46

Multiple Choice

Which one of the following statements is correct?

• A)All types of business formations have limited lives.
• B)Partnerships are the most complicated type of business to form.
• C)Sole proprietorships and partnerships are taxed in a similar fashion.
• D)General partnerships and corporations provide limited liability for all owners.
• E)Both partnerships and corporations incur double taxation.

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Definitions:

Linear Programming

A mathematical method for determining a way to achieve the best outcome, such as maximum profit or lowest cost, in a given mathematical model for some list of requirements represented as linear relationships.

Aggregate Plan

A plan that outlines a company's production rates, inventory, staffing levels, and other variables to meet forecasted demand while minimizing costs over a specific time period.

Constraints

Limitations or restrictions that affect the development, operation, or outcome of a process or system.

Supply Chain Management

The oversight of materials, information, and finances as they move from supplier to manufacturer to wholesaler to retailer to consumer.