Custom Auto Body & Detailing, LLC, is a limited liability company. Unless indi-cated otherwise on the Custom Auto's federal tax form, the firm will be taxed as
a. a cooperative.
b. a corporation.
c. a joint venture.
d. a partnership.
D
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The "balance of payments" is a record of all economic transactions between the residents of a country and the rest of the world. It is divided into the current and capital accounts. Current accounts include all of the following except:
A) balance on goods. B) portfolio investments. C) balance on services. D) goods imports. E) goods exports.
Obeson is comparing tax rates in the United States with the tax rates in European countries that practice democratic socialism. Obeson finds that compared to the U.S., tax rates are:
Different organizations have basic norms that govern which emotions should be displayed and which should be suppressed. What are these norms called?
a. Emotional dissonance b. Display rules c. House rules d. Emotional regulation
In the United States, if two people independently develop the same invention, the patent will be
granted to the first to file for the patent, not the first to invent the invention. Indicate whether the statement is true or false