Asked by Marwa Hajay on May 18, 2024
Verified
Which of the following is the most popular form of business ownership in the United States?
A) Sole proprietorship
B) Limited partnership
C) Corporation
D) S corporation
E) Limited liability company
Business Ownership
The legal possession of a business entity, which includes the right to control its operations and benefit from its earnings.
United States
A country in North America composed of 50 states, a federal district, five major self-governing territories, and various possessions.
- Understand thoroughly the primary configurations of business ownership and their unique attributes.
- Acquire knowledge of the key elements of sole proprietorship, highlighting its strengths and weaknesses.
Verified Answer
OB
octavia bakerMay 24, 2024
Final Answer :
A
Explanation :
Sole proprietorships are by far the most popular form of business organization in the United States.
Learning Objectives
- Understand thoroughly the primary configurations of business ownership and their unique attributes.
- Acquire knowledge of the key elements of sole proprietorship, highlighting its strengths and weaknesses.
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