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Quiz Week 11

Quiz Week 11

Q Question 1 2 / 2 pts Assuming all other requirements are met, a corporation may elect to be treated as an S corporation under the Internal Revenue Code if it has: Correct! Question 2 2 / 2 pts While working part time at a Supercorp restaurant, Jenna spills a bucket of hot French fries on a customer. Who is liable to the customer? Question 3 0 / 2 pts The duty of care: Correct Answer Question 4 2 / 2 pts Sole proprietorships must file a tax return. Question 5 2 / 0 pts A company must include in its proxy materials the names of all shareholder nominees for the board of directors.

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1.100 or fewer stockholders 2.Both Jenna and Supercorp 3.Protects directors who make an uninformed decision if it was entirely fair to the company