A Business Firm Refers to

question 88

Multiple Choice

A business firm refers to

• A)a subsidiary,division,or unit of an organization that markets a set of related offerings to a clearly defined group of customers.
• B)a legal entity engaged in business activities solely with the intent of serving its employees without the intent of making a profit.
• C)a privately owned organization that serves its customers to earn a profit so that it can survive.
• D)a group of people united through contractual or corporate ownership.
• E)a publicly owned organization that serves the general population.

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Definitions:

Oldest Rocks

The earliest-formed rocks on Earth or within a specific geological setting, often found in the deepest layers of the Earth's crust.

Mass Extinctions

Significant global events in the Earth's history where large percentages of species die out in a relatively short period of time, often due to catastrophic environmental changes.

Geologic Timescale

A method of dating based on the chronological correlation of Earth's geological layers to time, utilized by geologists for depicting the sequence and association of historical events on Earth.

Seafloor Spreading

The process by which new oceanic crust is formed at mid-ocean ridges and slowly moves away from them.