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:

Autonomic Nervous System

The component of the nervous system responsible for controlling automatic bodily processes, such as the regulation of heart rate, digestion, and breathing rate.

Sympathetic Division

A component of the autonomic nervous system responsible for initiating the response commonly known as fight or flight.

Emergency

A situation that poses an immediate risk to health, life, property, or environment, requiring urgent intervention to prevent a worsening of the situation.

Peripheral Nervous

refers to the part of the nervous system that lies outside the central nervous system, comprising nerves and ganglia, responsible for relaying information to and from the body and brain.