The most common type of corporation is an S corporation.

Answer the following statement true (T) or false (F)


False

There are several types of corporations. The most common is called a C corporation; when people use the term "corporation" without specifying which type, they are generally referring to a C corporation. See 6-4: Corporations: The Advantages and Disadvantages of Being an Artificial Person

Business

You might also like to view...

According to data published by Advertising Age (2014), which of the following is the largest global advertising organization based on worldwide revenues?

A) WPP Group B) Interpublic Group C) Omnicom Group D) Dentsu Inc. E) Havas

Business

Compensable factors must be consistent with the organization's strategy and values.

Answer the following statement true (T) or false (F)

Business

What is required for a contract to be an express contract?

A) It is written and signed. B) It is written. C) It is performed for mutual benefit. D) It is stated in words. E) It is performed immediately after formation.

Business

Martha and John work in a factory. The factory pays each worker $5 per hour plus $.25 per

piece of work completed. John is always paid more money than Martha, because John can work faster than Martha can. This situation is: A) Legal, because of a defined merit system. B) Legal, because the pay is based on a difference in quantity or quality of work. C) Legal, because of a seniority system. D) Legal, because the pay is based on "some factor other than sex." E) Illegal, because of pay discrimination.

Business