Answer: d. A corporation can elect to be taxed as a partnership.
Which of the following is not a characteristic of a corporation?
a. Corporations are organized as a separate legal taxable entity.
b. Ownership is divided into shares of stock.
c. Corporations experience an ease in obtaining large amounts of resources by issuing stock.
d. A corporation can elect to be taxed as a partnership.
Economics
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The largest single portion of the federal budget is devoted to
A. national defense. B. Medicare and Medicaid. C. Social Security and unemployment compensation. D. education. E. interest payments on the national debt.
Economics
Total planned real expenditures measured along the aggregate demand curve are made up of
A) consumption spending, factor payments, investment spending, and net export spending. B) consumption spending, income, government spending, and net export spending. C) consumption spending, saving, investment spending, and government spending. D) consumption spending, investment spending, government spending, and net export spending.
Economics
Why are losses acceptable in the short run but not the long run?
What will be an ideal response?
Economics
In a two-country, two-commodity model, if a country has an absolute advantage in the production of a certain good, it implies that
A. this country has higher labor productivity in the production of this good. B. it is not possible that this country can gain by importing this good from the other country. C. this country also has a comparative advantage in the production of this good. D. this country has greater resources than the other country.
Economics