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:

Fringe Benefits

Additional compensation provided to employees beyond their base wages or salaries, such as health insurance, pensions, and paid vacations.

Working Conditions

The environment, terms, and conditions under which an individual is employed, including hours, physical aspects, legal rights, and responsibilities.

United Autoworkers

A labor union representing workers in the automobile manufacturing industry in the United States and Canada.

Honda, Toyota, Nissan

Major Japanese multinational automotive manufacturers known for their vehicles' reliability and innovation.