Which of the Following Statements About Business Organizations Is TRUE

question 425

Multiple Choice

Which of the following statements about business organizations is TRUE?

• A) Partnerships are more common than proprietorships and are responsible for a larger percentage of business receipts.
• B) Proprietorships are more common than either partnerships or corporations but are responsible for the smallest share of total business receipts.
• C) Corporations are larger in number than either proprietorships or partnerships and also receive a larger percentage of total business receipts.
• D) Partnerships are larger than both proprietorships and corporations but are less numerous than corporations.

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Definitions:

Time Zones

Regions of the Earth that have adopted the same standard time, typically differing from neighboring regions by an exact number of hours.

Daylight Savings Time

The practice of setting the clock forward by one hour during the warmer months to extend evening daylight.

Falling Asleep

The transition from wakefulness to sleep, characterized by gradual decrease in consciousness and responsiveness to external stimuli.

Alertness

The state of being watchful and ready to respond quickly to potential danger or opportunities.