Jeff Is Forming a Company

question 108

Multiple Choice

Jeff is forming a company.If he chooses a(n) ________ form of ownership,he can have no more than 100 stockholders and must have only one class of stock.

• A)partnership
• B)corporation
• C)S-corporation
• D)master limited partnership

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Definitions:

Insurance Claimed

The process of requesting payment based on the terms of an insurance policy.

House Policy

Internal rules or guidelines adopted by an organization or institution, governing the conduct of its members or the management of its operations.

Car Policy

A set of rules or guidelines related to the use, maintenance, and ownership responsibilities of vehicles within an organization or by an individual.

Actual Value

The genuine, real-market worth of a property, item, or investment.