Which of the Following Is True About Forms of Businesses

question 48

Multiple Choice

Which of the following is true about forms of businesses?

• A) Partnerships involve the separation of ownership and management.
• B) Sole proprietorships are the same as S corporations.
• C) A corporation's owners directly absorb profits and losses.
• D) Double taxation is a big disadvantage of S corporations.
• E) The owners of an LLC are not personally responsible for debts that the LLC accumulates.

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Definitions:

Performance Ratings

Evaluations or assessments of an employee's job performance over a specific period.

Impressive Titles

Titles or designations given to jobs, roles, or positions that are designed to evoke respect, admiration, or a high status.

Promotions

Activities, including marketing and advertising, aimed at increasing awareness, sales, or visibility of a product, service, or brand.

Reinforcers

Incentives such as awards, bonuses, promotions, gifts, and even compliments.