Nontax Considerations in the Selection of Business Form Include Limited

question 25

True/False

Nontax considerations in the selection of business form include limited liability,free transferability of ownership interests,continuity of life,and centralized management.

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Definitions:

Ethical Codes

Formal documents containing guidelines designed to help professionals conduct their business with integrity and according to certain moral standards.

Testing Standards

The guidelines and criteria used to ensure tests are fair, valid, and reliable.

Standardized Tests

Assessments administered and scored in a consistent, or "standard," manner, used widely in education and psychology.

Qualifications

The credentials, skills, or achievements that make an individual suitable for a particular job or activity.