D Question 9 Generally, Limited Liability Companies can choose whether to be taxed (for federal income tax purposes) as either a corporation or as a partnership (or sole proprietorship if the company has only one owner). 0 True 0 False D Question 10 If Ken and Jeff are the heads of a big company, even though they were trading on inside information, set up imaginary subsidiaries to make it appear the company was worth more, and used corporate assets for their personal use, they can probably avoid jail time if their company has a really slick logo, they are buddies with the President of the Untied states and have a baseball stadium named after their company. 0 True 0 False