Which of the following is true regarding the corporate form of business organization?
A) Corporations are the most prevalent form of business organization.
B) Corporate businesses are generally smaller in size than partnerships and proprietor-ships.
C) The revenues of corporations are greater than the combined revenues of partnerships and proprietorships.
D) Corporations are separate legal entities organized exclusively under federal law.

Question

Quizplus · Accepted Answer

According to data from the U.S. Census Bureau, corporations typically generate higher revenues than partnerships and proprietorships. However, it is not true that corporations are the most prevalent form of business organization or that they are organized exclusively under federal law. While corporations are a separate legal entity, they are established under state laws. It is also not accurate to say that corporate businesses are generally smaller in size than partnerships and proprietorships.

Which of the Following Is True Regarding the Corporate Form