Friday, July 15, 2011

The corporate form of business organization

ECONOMICS

Multiple Choice

The corporate form of business organization

a.is chosen by more firms than any other form of organization in the United States

b.gives firm owners limited liability

c.generates less than half of the output in the U.S. economy

d.combines the limited liability of the partnership with the personal control of the sole proprietorship

e.is the least complex form of business organization

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