If the Espoused Values of the Organization Are Not in Line

question 38

Multiple Choice

If the espoused values of the organization are not in line with the personal values of the employees or the national values of the customer this can result in

• A) huge profits
• B) the organization not achieving its goals
• C) strikes
• D) a change in the organization mission and vision
• E) increased productivity

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Definitions:

LLC's

Stands for Limited Liability Companies, a business structure in the U.S. that offers personal liability protection to its owners but can be taxed as a partnership.

S Corporations

A special designation of corporation that allows income to be taxed only at the shareholder level, avoiding double taxation.

Flow-Through Entities

Entities through which income flows to the owners or investors, avoiding corporate income tax.

Schedule E

A tax form used to report income and losses from rental real estate, royalties, partnerships, S corporations, estates, trusts, and residual interests in REMICs.