Which of the Following Statements About the Organization of Firms

question 119

Multiple Choice

Which of the following statements about the organization of firms is true?

• A)Partnerships are the most common form of business organization in Canada.
• B)Owners of a corporation have unlimited liability.
• C)Corporations have limited access to money markets.
• D)Owners of a corporation are not personally liable for the firm's actions,though its directors may be.
• E)Crown corporations are never interested in increasing profits because they have other goals.

---

Definitions:

Passive Voice

A grammatical voice where the object of an action becomes the subject of the sentence, often leading to less direct expression.

Active Voice

A verb that describes the action done by the grammatical subject of the sentence.

Agent

An entity or individual authorized to act on behalf of another, often in business transactions.

Good Business Writing

The skill of communicating ideas effectively, clearly, and professionally in written business contexts.