Match Each Statement with the Correct Term Below

question 32

Multiple Choice

Match each statement with the correct term below.
-Corporation

• A)An entity with conduit tax characteristics that provides limited liability to its owners.
• B)An organization of two or more persons operating a business that is not taxed.
• C)A general partnership that offers limited liability to the partners.
• D)An association created under the laws of a state giving owners limited liability.
• E)Retains legal characteristics while obtaining tax characteristics of a conduit.
• F)A partnership in which the liability of at least one partner is limited.

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Definitions:

International Companies

Businesses that operate across multiple countries, engaging in global trade, production, or services, and often influencing economic patterns worldwide.

Opportunity

A set of circumstances that makes it possible to do something, often leading to new possibilities or growth.

General Price

The common or prevailing price level for goods or services in a market.

Goods And Services

The tangible products and intangible activities that fulfill the wants and needs of consumers.