Asked by Jennifer Gonzalez on Jul 11, 2024
Verified
The partnership is the least common form of business organization in the United States.
Partnership
A formal business arrangement involving two or more persons who equally share in the management and financial gains.
- Differentiate between different business organization forms and their distinct attributes.
Verified Answer
LC
Lizbeth CabrejaJul 16, 2024
Final Answer :
True
Explanation :
Sole proprietorships are actually the most common form of business organization in the United States due to their simplicity and ease of setup, making partnerships less common in comparison.
Learning Objectives
- Differentiate between different business organization forms and their distinct attributes.
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