Which of the Following Organization Forms for a Business Does

question 15

Multiple Choice

Which of the following organization forms for a business does NOT avoid double taxation?

• A)Limited partnership
• B)"C" corporation
• C)"S" corporation
• D)Limited liability company

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Definitions:

Legitimacy

Legitimacy is the general belief and acceptance by the public that a governing body or its actions are appropriate and justified according to legal, moral, or procedural standards.

Authority

The legal or rightful power to make decisions, direct others, or enforce obedience, often found in contexts such as government, military, or organizational hierarchies.

Constitutional Monarchy

A system of government in which a monarch acts as head of state within the parameters of a written or unwritten constitution.

Confederation

A union of sovereign groups or states, united for purposes of common action often in relation to other states but with retained sovereignty.