Which of the Following Lists the Three Types of Firms

question 125

Multiple Choice

Which of the following lists the three types of firms in the United States from smallest to largest in terms of volume of sales?

• A)partnerships, sole proprietorships, corporations
• B)sole proprietorships, partnerships, corporations
• C)sole proprietorships, corporations, partnerships
• D)corporations, partnerships, sole proprietorships
• E)partnerships, corporations, sole proprietorships

---

Definitions:

Physical Factors

Elements of the physical environment that can affect businesses and individuals, such as geography, climate, and natural resources.

Local Labor Costs

The expenses associated with employing labor in a specific geographic location, including wages, benefits, and taxes.

Analytic Production

A methodological approach in manufacturing focusing on using data analytics to optimize production processes, increase efficiency, and reduce costs.

Hazardous Materials

Substances that pose a risk to health, property, or the environment due to their chemical, physical, or biological properties.