An Important Factor to Consider When Determining How to Organize

question 23

Multiple Choice

An important factor to consider when determining how to organize a business is that:

• A)members of an LLC have unlimited liability and are taxed like members of a partnership.
• B)for accounting purposes,a proprietorship is a distinct entity,separate from the proprietor.
• C)partnerships are subject to double taxation.
• D)a corporation is not legally distinct from its owners.

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Definitions:

Chromosome

Structures within cells that contain DNA and carry genetic information responsible for determining the traits of an organism.

Microbiome

The collective genome of the microbes (composed of bacteria, bacteriophage, fungi, protozoa, and viruses) that live inside and on the human body.

Nature And Nurture

A concept in developmental psychology that examines the influence of genetic inheritance (nature) and environmental factors (nurture) on human development.

Deoxyribonucleic Acid

A molecule that carries most of the genetic instructions used in the growth, development, functioning, and reproduction of all known living organisms and many viruses.