Which of the Following Lists the Three Types of Firms

question 32

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

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Definitions:

Direct Labor-Hours

A measure of the time workers spend on specific tasks or products in the production process, often used as a basis for applying overhead costs in job costing.

Materials Handling Cost

Expenses related to the processing, moving, and storage of materials within a manufacturing facility or warehouse.

Direct Labor-Hours

The total hours of labor time directly involved in the production of goods or services.

Materials Handling Cost

The expenses associated with moving, storing, and controlling materials used in the manufacturing process.