Which of the Following, If Any, Correctly Describe the Status

question 69

Multiple Choice

Which of the following, if any, correctly describe the status or nature of limited liability companies?

• A)Can elect partnership tax status even if incorporated under state law.
• B)One of the main reasons why the check-the-box Regulations were issued.
• C)Cannot elect to be taxed as a corporation.
• D)Statutes creating these entities have been adopted by only a minority of the states.
• E)None of the above.

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Definitions:

Job Performance

Job performance is the measure of how well an individual executes their work tasks and responsibilities within their professional role.

Conscientiousness

A personality trait characterized by thoroughness, carefulness, and the desire to do a task well.

Responsible

Having an obligation to do something, or having control over or care for someone, as part of one's job or role.

Locus Of Control

a psychological concept that describes individuals’ perception of the control they have over events in their lives, categorized as either internal (believing they have control) or external (believing control is outside of their influence).