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Since a Corporation Is a Legal Structure Reserved for Large

question 125

True/False

Since a corporation is a legal structure reserved for large firms, small businesses have two basic choices for legal structure of their company: proprietorship and partnership.


Definitions:

Job Specification

A detailed description of the qualifications, skills, experience, and duties required for a specific job position.

Acronym KSA

Knowledge, Skills, and Abilities; a commonly used term, especially in job descriptions, to refer to the essential elements required to perform a task.

Bureau of Labor Statistics

A U.S. government agency that collects, processes, analyzes, and disseminates essential statistical data on labor economics.

Average American

A term often used to describe what is considered typical for a person living in the United States in terms of behavior, beliefs, and economic status.

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