Which of the Following Is True Regarding André's and Sasha's

question 24

Multiple Choice

Which of the following is true regarding André's and Sasha's quest to find the best form of business organization?

• A)A double sole proprietorship avoids corporate double taxation and also shields assets of the owners from tort claims of third parties although creditors may reach the personal assets of the owners.
• B)An unincorporated cooperative combines the tax advantages of a partnership with the limited liability of a corporation.
• C)A joint venture is a type of undertaking involving joint stock which is treated as a corporation in regard to double taxation and limited liability.
• D)A limited liability company combines the tax advantages of a partnership with the limited liability of a corporation.
• E)An S corporation provides the tax advantages of a partnership but does not avoid personal liability for shareholders.

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Definitions:

Quality

The standard of something as measured against other things of a similar kind; the degree of excellence of something.

Relation

The way in which two or more concepts, objects, or people are connected.

Multiple Languages

The ability of an individual to speak, understand, read, and write in more than one language proficiently.