Which of the Following Lists the Three Types of Firms

question 125

Multiple Choice

Which of the following lists the three types of firms in the United States from smallest to largest in terms of volume of sales?

• A)partnerships, sole proprietorships, corporations
• B)sole proprietorships, partnerships, corporations
• C)sole proprietorships, corporations, partnerships
• D)corporations, partnerships, sole proprietorships
• E)partnerships, corporations, sole proprietorships

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Definitions:

Self-managing Teams

Groups of employees that are granted autonomy to make decisions and manage their work and processes without the direct oversight of management.

Traditional Work Group

A conventional team structure in an organization where members have specific roles and tasks, collaborating towards a common goal without high autonomy or flexibility.

First-line Supervisor

A managerial position responsible for directly overseeing and managing the work of entry-level or frontline employees.

Self-managing Responsibilities

Tasks or duties that an individual is accountable for completing on their own, often requiring self-discipline and time management skills.