Which of the Following Statements About the Organization of Firms

question 19

Multiple Choice

Which of the following statements about the organization of firms is true?

• A) Owners of a corporation have unlimited liability.
• B) Corporations have limited access to money markets.
• C) Owners of a corporation are not personally liable for the firm's actions, though its directors may be.
• D) Partnerships are the most common form of business organization in Canada.
• E) Crown corporations are never interested in increasing profits because they have other goals.

---

Definitions:

Calm Persistence

The approach of steadily and patiently continuing with an action or stance, even in the face of obstacles or opposition, without showing agitation.

Conflict

An instance of opposition or disagreement between ideas, interests, or people.

Impersonal Situation

A scenario or context that lacks personal connection or emotional involvement.

Credibility

The quality of being trusted and believed in, often reflecting a person's reliability or the convincing power of an argument.