Identify the Advantages of Forming a Business as an S

question 76

Multiple Choice

Identify the advantages of forming a business as an S Corporation.

• A)owner is personally responsible for debts of the business and earnings are reported directly on owner's personal tax return
• B)treated as a separate legal entity and owners avoid double taxation
• C)owners have limited liability and corporation's earnings are tax free
• D)owners avoid double taxation and owners have limited liability

---

Definitions:

Marketing Analytics

The practice of measuring, managing, and analyzing marketing performance to maximize its effectiveness and optimize return on investment (ROI).

Total Market Sales

The aggregate sales revenue generated by all providers of a particular product or service within a specific market.

Product Development

The process of bringing a new product or service to the market, from idea generation through design, development, and commercialization.

Marketing Strategy

A corporation's main roadmap for engaging prospective buyers and making them purchasers of its products or services.