What Is the Most Common Type of Firm in the United

question 2

Multiple Choice

What is the most common type of firm in the United States and the world?

• A) sole proprietorships
• B) partnerships
• C) limited partnerships
• D) corporations

---

Definitions:

Fixed Costs

Costs that do not vary with the level of production or sales, such as salaries, rent, and insurance.

Logistics Department

The division within a company that is responsible for the management of the movement of goods and materials.

West Division

A geographical or organizational sector of a company that focuses on operations or markets in the western region.

East Division

A segment or branch of a company or organization that operates in or is responsible for the eastern geographic area of its operations.