Which of the following statements is true of a Subchapter S corporation?
A) It is taxed like a publicly held corporation.
B) It is organized and operated as a general partnership.
C) It is taxed like a partnership.
D) It is organized and operated as a limited liability partnership.
C
You might also like to view...
Match the following stages of the Tuckman model to the relevant outline of activity in a new venture.
a) Forming. Choose... i) Efforts to resolve differences; venture team reaches agreement over task and process issues. Iiii) Disagreements emerge over both task and process issues; some internal conflict and hostility. Iiiiii) Individuals meet, initial attempts at team composition, establishing aims of venture (i.e. task) and ways of working (i.e. process). iv) Team concentrates on achieving its common purpose, while maintaining process dimension. b) Storming. Choose... i) Efforts to resolve differences; venture team reaches agreement over task and process issues. Iiii) Disagreements emerge over both task and process issues; some internal conflict and hostility. Iiiiii) Individuals meet, initial attempts at team composition, establishing aims of venture (i.e. task) and ways of working (i.e. process). iv) Team concentrates on achieving its common purpose, while maintaining process dimension. c) Norming. Choose... i) Efforts to resolve differences; venture team reaches agreement over task and process issues. Iiii) Disagreements emerge over both task and process issues; some internal conflict and hostility. Iiiiii) Individuals meet, initial attempts at team composition, establishing aims of venture (i.e. task) and ways of working (i.e. process). iv) Team concentrates on achieving its common purpose, while maintaining process dimension. d) Performing. Choose... i) Efforts to resolve differences; venture team reaches agreement over task and process issues. Iiii) Disagreements emerge over both task and process issues; some internal conflict and hostility. Iiiiii) Individuals meet, initial attempts at team composition, establishing aims of venture (i.e. task) and ways of working (i.e. process). iv) Team concentrates on achieving its common purpose, while maintaining process dimension.
Universal life provides an interest return on the savings component that is periodically revised
Indicate whether the statement is true or false.
On-the-job training requires special facilities.
Answer the following statement true (T) or false (F)
According to Exhibit 1.2, which of the following is NOT one of "Porter's Five Forces" that affect the competitive environment?
a. Threat of Entry b. Direct Competition c. Logistics and Component Supply d. Buyer Power