Proprietorships Are

question 59

Multiple Choice

Proprietorships are

• A) the most common form of business organization in the country.
• B) responsible for most of the profits in the country.
• C) generally large relative to other business organizations.
• D) easy to form but difficult to dissolve.

Understand the implications of departmental structures on professional development and efficiency within organizations.

Identify the factors leading to the choice of a specific form of departmentation.

Understand the role of an integrator in coordinating departmental activities.

Recognize the significance of geographic departmentation and its stimulants.

---

Definitions:

Nominal Rate

The stated or advertised interest rate on a loan or investment, not accounting for compounding or fees.

Effective Rate

The interest rate on a loan or financial product, adjusted for the effect of compounding over a specified period of time.

Semi-annually Compounded

A method of computing interest in which interest is added to the principal balance twice a year, resulting in compound growth.

Effective Rate

The actual rate of interest earned or paid on an investment or loan, taking into account compounding.