Which of the Following Is True of Partnerships and Corporations

question 6

Multiple Choice

Which of the following is true of partnerships and corporations?

• A) Partnerships are easier to form when compared to corporations.
• B) All the shareholders in a publicly held corporation have equal rights in management and conduct of business.
• C) Partners can easily transfer their interest in partnerships through stocks when compared to corporations.
• D) Ownership and control of partnerships are separated.
• E) A corporation is a conduit for income and is not taxed as a separate entity.

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Definitions:

Pendleton Civil Service Act

A federal law enacted in 1883 that established the principle of federal employment on the basis of merit and created a civil service commission.

Federal Jobs

are positions within the various branches of the United States government, including civilian and military roles.

Future Presidents

Individuals who will hold or are destined to hold the office of the President at a later time.

Protective Tariff

A tax imposed on imports to protect domestic industries from foreign competition by making imported goods more expensive.