Which of the Following Is a Requirement to Be an S

question 25

Multiple Choice

Which of the following is a requirement to be an S corporation?

• A) be a domestic or foreign corporation.
• B) have only one class of stock.
• C) have fewer than 75 shareholders.
• D) have at least one corporate shareholder.
• E) none of these.

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Definitions:

Management by Objectives

A performance management approach where managers and employees work together to set, monitor, and achieve specific objectives.

Locke-Latham Goal-setting Model

A theory that suggests specific and challenging goals enhance task performance through principles of clarity, challenge, commitment, feedback, and task complexity.

Efficiency and Effectiveness

The degree to which tasks are accomplished in a timely, resource-saving manner while also achieving the desired outcomes.

Performance Requirements

Specific criteria or standards that must be met within a role or job, outlining the expected level of output or quality of work.