Which of the Following Is True of a Partnership and a Corporation

question 20

Multiple Choice

Which of the following is true of a partnership and a corporation?

• A) In a corporation, income is taxed at the corporate level; whereas, in a partnership, income is taxed twice.
• B) In a partnership, income is taxed at the corporate level; whereas, in a corporation, income is taxed twice.
• C) Income from both forms of organizations are double-taxed.
• D) In a partnership, income is exempted from tax up to $10 million; whereas, in a corporation, income is taxed twice.

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Definitions:

Demographic Segmentation

The division of a market into segments based on variables such as age, gender, income, occupation, and education.

Market Segmentation

The process of dividing a market of potential customers into groups, or segments, based on different characteristics like demographics or buying behavior.

One Product

Focuses on the strategy of a business that sells a single product or service, typically specializing in a niche market.

Multiple Products

The strategy of offering various products within the same brand or by the same company, catering to different consumer needs or market segments.