Which of the Following Is True Regarding the Corporate Form

question 99

Multiple Choice

Which of the following is true regarding the corporate form of business organization?

• A) Corporations are the most prevalent form of business organization.
• B) Corporate businesses are generally smaller in size than partnerships and proprietor-ships.
• C) The revenues of corporations are greater than the combined revenues of partnerships and proprietorships.
• D) Corporations are separate legal entities organized exclusively under federal law.

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Definitions:

Truth in Lending Act

A federal law designed to promote informed use of consumer credit by requiring disclosures about terms and costs.

Cease-and-Desist Order

A legal injunction issued by a court or government agency ordering an individual or entity to stop an alleged illegal activity.

Deceptive Advertising

Marketing strategies that trick or misinform customers regarding the qualities, features, or advantages of a product or service.

Cease-and-Desist Order

A legal injunction ordering an individual or organization to stop engaging in a specified activity or behavior.