Which One of the Following Statements Is Correct

question 35

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)Both sole proprietorships and partnerships are taxed in a similar fashion.
• D)Both partnerships and corporations have limited liability for general partners and shareholders.
• E)Both partnerships and corporations incur double taxation.

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Definitions:

Dissenters

Individuals who express disagreement or divergent views, especially from prevailing thoughts or policies.

Ethical Use

The application of moral principles to ensure fairness, integrity, and respect in the use of resources, information, or power.

Organizational Goals

The objectives or targets that an organization aims to achieve in a specified timeframe.

Referent Power

A form of influence based on the attraction and admiration one has for an individual, leading to emulation.