In Regard to the Quest of Wally and Sally to Find

question 29

Multiple Choice

In regard to the quest of Wally and Sally to find the best form of business organization,which of the following is true?

• A) An S corporation provides the tax advantages of a partnership but does not avoid personal liability for shareholders.
• B) A limited liability company combines the tax advantages of a partnership with the limited liability of a corporation.
• C) A double sole proprietorship avoids corporate double taxation and also shields assets of the owners from tort claims of third parties although creditors may reach the personal assets of the owners.
• D) An unincorporated cooperative combines the tax advantages of a partnership with the limited liability of a corporation.
• E) A joint venture is a type of undertaking involving joint stock which is treated as a corporation in regard to double taxation and limited liability.

---

Definitions:

Searching

The act of looking for or actively seeking out information, resources, or locations, often utilizing technology or systematic methods.

Socialization

The process by which individuals learn and adopt the norms, values, and behaviors appropriate to their society or group.

Internal Recruitment

involves filling job vacancies within an organization by considering current employees for promotion or transfer to the open positions.

External Recruitment

The process of seeking and attracting candidates for employment from outside the organization.