PBMF chapter 4 review, Questions and
answers, rated A+
An S corporation is a form of business ownership that provides limited liability to its owners, but is taxed
as a partnership. S corporations are restricted to no more than 100 shareholders and must be US
citizens or residents. - Describ...
PBMF chapter 4 review , Questions and answers, rated A+ An S corporation is a form of business ownership that provides limited liability to its owners, but is taxed as a partnership. S corporations are restricted to no more than 100 shareholders and must be US citizens or residents. - ✅✅ Describe the characteris tics of an S corporation. board of directors - ✅✅ the ________ is a group of individuals who make high -level management decisions for a corporation and establish company policies business - ✅✅ customers who buy products for use in a business are in the ___ ___ market business -to-business - ✅✅ business that sells primarily to other businesses business -to-consumer - ✅✅ business that sell primarily to individual consumers are in the ________ market cooperative - ✅✅ a _________ pools the resources of members to produce quality goods and services cooperative - ✅✅ business that is owned and operated by those using its services corporate bylaws - ✅✅ explains the practices and procedures to be followed in conducting business corporation - ✅✅ business that is legally separate from its owner and has most of the legal rights of an actual person dividend - ✅✅ portion of a corporation's earnings distributed to stockholders
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