Asked by Jordan Pollock on Jul 11, 2024
Verified
Which form of business organization accounts for the largest proportion of business sales in the United States?
A) Sole proprietorship
B) Partnership
C) Corporation
D) Nonprofit organization
E) Conglomerate
Corporation
A legal entity owned by shareholders with rights and liabilities distinct from those of its owners, capable of conducting business.
Sole Proprietorship
A business structure where a single individual owns and operates the business, taking on all responsibilities and liabilities.
Business Sales
The total receipts from goods and services sold by businesses over a specific time period.
- Identify the differences between different business organization structures.
Verified Answer
MA
Marleni AlvarengaJul 13, 2024
Final Answer :
C
Explanation :
According to the U.S. Census Bureau, corporations account for the largest proportion of business sales in the United States.
Learning Objectives
- Identify the differences between different business organization structures.