EACH MCQ is = to .5 is an information system that identifies, measures, records, and communicates relevant, reliable, consistent, and comparable information about an organization's economic activities. A) Accounting B) Bookkeeping C) Managing D) Advertising 2. A is a separate legal entity. A) corporation B) co-op C) partnership D) proprietorship 3. Which of the following statements is FALSE regarding a partnership? A) A partnership must have at least 2 partners. B) Partners have limited liability. C) Partners' income is taxed on the partners' individual income tax return