Which Type of Businesses Earns the Majority of Profits in the United

question 249

Multiple Choice

Which type of businesses earns the majority of profits in the United States?

• A)corporations
• B)partnerships
• C)sole proprietorships
• D)none of these

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Definitions:

Intensive Care

Specialized medical and nursing care for patients with severe illnesses or injuries, typically provided in an intensive care unit (ICU).

Step-Down Method

An allocation technique used in cost accounting to distribute overhead costs among various cost centers or departments with multiple service departments.

Operating Department Y

A specific division within an organization that is focused on core operational tasks related to producing goods or services.

Step-Down Method

A cost-allocation method used in cost accounting to allocate costs of departments to products or services.