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:

Recovery Partition

An optional partition provided by some vendors that contains the operating system, files, and applications installed on the system when purchased.

System Restore

A feature in some operating systems that allows the user to revert the computer's state to a previous point in time, often used to recover from system malfunctions.

Windows Installation Disc

A physical disc provided by Microsoft containing the files necessary for installing or repairing the Windows operating system on a computer.

VPN

Virtual Private Network, a service that creates a secured, encrypted connection over the internet from a device to a network, ensuring the private transfer of data and browsing activity.