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.

Corporate Form

A legal structure for businesses recognized by law as a separate legal entity with rights, privileges, and liabilities distinct from those of its owners.

Limited Liability

A legal principle that protects a company's shareholders from being personally responsible for the company's debts, limiting their losses to the amount invested.

U.S. Economy

The economic system of the United States, characterized by a mixed economy that supports free market activities with some governmental intervention.