Which One of the Following Statements Is NOT True

question 27

Multiple Choice

Which one of the following statements is NOT true?

• A) An Scorporation can have no more than100 stockholders.
• B) All profits of an Scorporation pass directly to the stockholders as they would pass to the partners in a partnership.
• C) An Scorporation is a variation of the Ccorporation form that is used by public corporations.
• D) Only some Ccorporations can become an Scorporation with approval from the IRS.

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Definitions:

Total Utility

The overall satisfaction or value a consumer derives from consuming a particular quantity of goods or services.

Consumption

The use of goods and services by households, constituting one of the primary components of GDP and a fundamental concept in economics signifying final consumption.

Salience

The quality of being particularly noticeable or important; prominence.

Demand

The desire and ability of consumers to purchase goods and services at a given price.