Match the term with its definition.
-A type of corporation that offers limited liability to its owners and passes taxable income or losses on to the stockholders
A) advisory board
B) B corporation
C) C corporation
D) corporate charter
E) joint and several liability
F) partnership
G) professional corporation
H) S corporation (Subchapter S corporation)
I) unlimited liability
Correct Answer:
Verified
Q121: Match the term with its definition.
-A legal
Q122: Match the term with its definition.
-An interconnected
Q123: Match the term with its definition.
-A partner
Q124: Match the term with its definition.
-A form
Q125: Match the term with its definition.
-An organizational
Q127: Match the term with its definition.
-A business
Q128: Match the term with its definition.
-A business
Q129: Match the term with its definition.
-A partnership
Q130: Match the term with its definition.
-Liability on
Q131: Match the term with its definition.
-Managers and
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