Which One of the Following Statements Is Correct

question 42

Multiple Choice

Which one of the following statements is correct?

• A) Both partnerships and corporations incur double taxation.
• B) Both sole proprietorships and partnerships are taxed in a similar fashion.
• C) Partnerships are the most complicated type of business to form.
• D) Both partnerships and corporations have limited liability for general partners and shareholders.
• E) All types of business formations have limited lives.

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Definitions:

TV Commercial

A short, attention-grabbing video advertisement broadcast on television, intended to inform, persuade, or remind viewers about a product or service.

CarMax

A used car retailer based in the United States, known for its large inventory and no-haggle pricing model, aiming to simplify the car buying and selling process.

Verizon

An American multinational telecommunications company known for its wireless services and products.

Frequency

Frequency refers to the number of times an event occurs within a specified period, often used in the context of advertising to indicate how often an ad is displayed or broadcasted.