An organization that does not pay income tax on its profits but passes them through to its owners who pay the tax at their individual rates is called a
A)business corporation
B)flow-through tax entity.
C)tax-free business venture.
D)professional corporation.
B
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The user test and acceptance procedure is the last point at which the user can determine the system's acceptability prior to it going into service
Indicate whether the statement is true or false
Which of the following is an unhealthy source of conflict?
a. Legitimate differences of opinion about the task b. Differences in values and perspectives c. Poorly run team meetings d. Different expectations about the impact of decisions
The Sarbanes-Oxley Act was passed in an effort to
A) protect small business from large corporations dominating the market. B) ensure that partnerships divide profits among partners in a fair manner. C) guarantee that outside auditors can control corporate accounting practices. D) control corrupt corporate financial behavior.
What are trade-offs? Why is careful consideration of trade-offs important in decision making?
What will be an ideal response?