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.
Correct Answer:
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Q189: Which of the following is NOT an
Q190: A legal entity that may conduct business
Q191: Corporations are responsible for approximately what percentage
Q192: It is likely that the owners have
Q193: The owner(s) of a corporation
A) is the
Q195: In a partnership, debts accumulated by one
Q196: The concept of limited liability
A) does not
Q197: Which of the following is NOT an
Q198: An advantage of a partnership over a
Q199: In a partnership
A) each partner's liability is
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