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:

Rawls

A philosopher known for his theory of justice as fairness, emphasizing equal basic rights, equality of opportunity, and the prioritization of the least advantaged in society.

Traits

Characteristics or attributes that can be inherited or acquired, distinguishing one individual from another.

Basic Structure

A framework underlying the organization or system that defines its core and essential components.

Social Institutions

Complexes of norms, behaviors, and social structures that fulfill societal needs, such as family, education, and government.