Which of the following are classified as firms? Companies employing unpaid student interns as well as paid workers. Employee-owned cooperatives. Non-profit organisations. Nationali... Which of the following are classified as firms? Companies employing unpaid student interns as well as paid workers. Employee-owned cooperatives. Non-profit organisations. Nationalised railways.
Understand the Problem
The question is asking for identification of what can be classified as firms from the given options. It requires understanding the definitions and characteristics of different types of organizations.
Answer
Companies with unpaid interns, employee-owned cooperatives, nationalised railways.
Firms include companies employing unpaid student interns and paid workers, employee-owned cooperatives, and nationalised railways.
Answer for screen readers
Firms include companies employing unpaid student interns and paid workers, employee-owned cooperatives, and nationalised railways.
More Information
Firms are generally any business entity involved in commercial and professional activities. This can include private companies, cooperatives, and even state-owned enterprises.
Tips
A common mistake is assuming non-profit organizations are classified as firms since they do not operate for profit, unlike private companies and cooperatives.
Sources
- Solved Question 161 | Chegg.com - chegg.com
- Which of the following are classified as firms? - Numerade - numerade.com
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