Asked by Poppy Newall on Apr 28, 2024
Verified
Which of the following is the most common form of business organization?
A) Sole proprietorship
B) Limited partnership
C) Corporation
D) Partnership
E) All but limited partnership
Limited Partnership
A partnership consisting of one or more general partners and one or more limited partners.
Sole Proprietorship
A business structure where a single individual owns and operates the business, responsible for all its debts and liabilities.
Corporation
A legal entity recognized by law as a separate entity from its owners, with its own rights, privileges, and liabilities.
- Familiarize yourself with the essential terminologies and properties of various business arrangements like sole proprietorships, partnerships, and corporations.
Verified Answer
NM
nicole micheleApr 28, 2024
Final Answer :
A
Explanation :
Sole proprietorship is the most common form of business organization due to its simplicity, ease of setup, and minimal regulatory requirements.
Learning Objectives
- Familiarize yourself with the essential terminologies and properties of various business arrangements like sole proprietorships, partnerships, and corporations.