In Terms of Total Sales, the Dominant Form of Business

question 17

Multiple Choice

In terms of total sales, the dominant form of business firm in the U.S.economy is the

• A)corporation
• B)sole proprietorship
• C)partnership
• D)nonprofit organization
• E)limited partnership corporation

---

Definitions:

Dividend Rate

The total dividends declared by a company over a period, usually a year, divided by the number of outstanding shares.

Preferred Shares

A class of ownership in a corporation with a fixed dividend that has priority over common stock dividends.

Participating

In finance, it often refers to securities or investments that have the potential to share in additional earnings or payouts beyond a predetermined amount.

Non-cumulative

Referring to preferred stocks or dividends that do not accumulate or carry forward unpaid dividend amounts if they are not declared in a given period.