Which of the Following Statements About the Company Form of Business

question 9

Multiple Choice

Which of the following statements about the company form of business organisation is incorrect?

• A) The company is the easiest form of business organisation to establish.
• B) In South Africa, companies generate a significantly greater percentage of total annual sales than either partnerships or proprietorships.
• C) Companies generally are larger than either partnerships or proprietorships.
• D) One of the most important features of the company form of business organisation is that shareholders have limited liability.
• E) None of the above.

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Definitions:

Audiometer

An electronic device used to evaluate hearing loss by measuring a person’s ability to hear various sound frequencies.

Otoscope

A medical device used for examining the ear's interior to diagnose ear conditions and infections.

Myringoscope

An instrument used for examining the eardrum or tympanic membrane.

Otosclerosis

A condition in which abnormal bone growth around the stapes bone leads to hearing loss.