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:

Addictive

Having the quality of causing someone to become dependent on a substance or activity, often compulsively.

Cognitive

Pertaining to the mental processes involved in acquiring knowledge and understanding through thought, experience, and the senses.

Depression

A mental condition characterized by an unrelenting gloomy mood or a disconnection from regular activities, which significantly impairs normal life.

Notebook

A notebook is a book or stack of paper pages that are often ruled, used for purposes such as recording notes or memoranda, writing, drawing, or scrapbooking.