A limited liability company with more than one member is taxed as a partnership:
A) Only if no more than four of six listed attributes are present in the limited liability
company.
B) In all circumstances.
C) Only if at least four of six listed attributes are present in the limited liability company.
D) If the limited liability company has not elected to be taxed as a corporation.
E) Only if all six listed attributes are present.
D
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Your uncle has just started a business and comes to you with a question. "I'm confused. I have a memo included with my bank statement indicating a $45 service charge for printing new checks. Since you're an accounting major, maybe you can explain to me
why they call it a ‘debit memorandum,' even though they are deducting this amount from my account. When I took Accounting in school, I could have sworn that a decrease in the Cash account would be a credit and not a debit. REQUIRED: In a short paragraph, explain this issue to your uncle.
Answering the "who are our customers?" question by focusing on current customers is referred to as
a. marketing myopia. b. the tyranny of the served market. c. customer intimacy. d. bifocal vision. e. blue ocean strategy.
Which of the following is most likely to represent a bottleneck?
A) A production machine that is underutilized. B) A workstation that requires significant supervision. C) A production machine that has limited capacity. D) An employee who has one hour of idle time each day.
Which of the following similarities is observed between tie and plurality decisions reached by the U.S. Supreme Court?
A) The decisions can be appealed against in the U.S. courts of appeals. B) The decisions do not set precedent for later cases. C) The decision of the lower court is affirmed. D) New evidence and testimony is heard before reaching decisions.