Which one of the following statements is correct concerning corporations?
A) The largest ﬁrms are usually corporations.
B) The majority of ﬁrms are corporations.
C) The stockholders are usually the managers of a corporation.
D) The ability of a corporation to raise capital is quite limited.
E) The income of a corporation is taxed as personal income of the stockholders

Question

Quizplus · Accepted Answer

The largest firms are typically structured as corporations, while smaller businesses may be sole proprietorships or partnerships.

Which One of the Following Statements Is Correct Concerning Corporations