Which Statement Is False

question 133

Multiple Choice

Which statement is false?

• A)Some companies seem to fall into the cracks between partnerships and corporations.
• B)There are limited partnerships,which not only avoid paying corporate income taxes,but also minimize legal risk to their investors.
• C)The Internal Revenue Service has disallowed the formation of limited liability companies,which have the legal insulation of a corporation and the preferred tax treatment of a limited partnership.
• D)You can form a limited liability company to protect your personal assets if your business is sueD.

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Definitions:

Personnel Files

Documents and records kept by an employer that contain employment history, performance evaluations, and other relevant information about an employee.

Principled Level

A standard or level of behavior based on adhering to explicit principles, values, or ethics.

Moral Development

The process of developing ethical principles and a sense of right and wrong behavior, often discussed in the context of psychological and educational theory.

Abusive Working Environment

A workplace scenario characterized by harmful and offensive practices, where employees may experience physical, emotional, or psychological abuse.