Which of the Following Type of Organization Is Classified as a Partnership

question 78

Multiple Choice

Which of the following type of organization is classified as a partnership, or similar to a partnership, for tax purposes?(I.) Limited Liability Company(II.) Limited Liability Partnership(III.) Subchapter S Corporation

• A) II only.
• B) II and III.
• C) I and II.
• D) I and III.
• E) I, II, and III.

---

Definitions:

Poisson Distribution

A probability distribution that expresses the probability of a given number of events occurring in a fixed interval of time or space, assuming that these events occur with a known constant rate and independently of the time since the last event.

Hypergeometric Random Variable

A type of discrete random variable that describes the number of successes in a sequence of draws from a finite population without replacement.

With Replacement

A sampling method where each item is replaced back into the population before the next item is selected, allowing for repeated selection.

Defective Units

Items in a production batch that do not meet the required quality standards or specifications.