Asked by jeffrey caldarona on Jul 22, 2024
Verified
Which statement is false?
A) Most corporations are small firms.
B) Most firms in the United States are proprietorships.
C) Preferred stockholders rarely have a voice in running corporations.
D) None of these statements is false.
Corporations
Legal entities separate from their owners, providing protection against personal liability, but subject to corporate taxes.
Firms
Organizations or business entities engaged in commercial, professional, or industrial activities, aiming to generate profits by providing goods or services.
Proprietorships
Proprietorships, or sole proprietorships, are businesses owned and operated by a single individual, with no legal distinction between the owner and the business entity.
- Gain an understanding of the elementary formations and varieties of commercial entities.
- Decipher between correct and incorrect declarations regarding economic viewpoints and business formations.
Verified Answer
AD
Anthony DerasJul 23, 2024
Final Answer :
D
Explanation :
All the statements provided are true: Most corporations are indeed small firms, most firms in the United States are proprietorships, and preferred stockholders typically do not have a significant voice in the management of corporations.
Learning Objectives
- Gain an understanding of the elementary formations and varieties of commercial entities.
- Decipher between correct and incorrect declarations regarding economic viewpoints and business formations.