Which of the Following Statements Concerning the Differences in Operating

question 7

Multiple Choice

Which of the following statements concerning the differences in operating a business as a partnership or as an S corporation is true?

• A)The S corporation form offers greater flexibility in allocating the income or loss among the owners.
• B)The owners of an S corporation have unlimited personal liability for the debts of the business.
• C)The owners of a general partnership have unlimited personal liability for the debts of the business.
• D)All of the above are true statements.

---

Definitions:

Workers' Compensation Benefits

Insurance provided by employers offering coverage for medical expenses and lost wages to employees injured at work.

On-the-job Event

Situational or task-based experiences that occur during the course of work, providing learning and development opportunities.

Occupational Health

A field of healthcare and safety standards pertaining to workplace environments, aiming to prevent work-related illnesses and injuries.

Industrial Hygiene

The science of anticipating, recognizing, evaluating, and controlling workplace conditions that may cause workers' injury or illness.