Asked by Diadima Young on Apr 29, 2024
Verified
Comprises 70% of business entities in the United States
A) Proprietorship
B) Partnership
C) Corporation
D) Limited liability company (LLC)
Proprietorship
A form of business organization where a single individual owns the company and is responsible for its debts.
- Apprehend the key characteristics and differentiation between business entity types.
Verified Answer
MA
Mahmoud AljohaniMay 02, 2024
Final Answer :
A
Explanation :
Sole proprietorships are the most common type of business entity in the United States, comprising 70% of all businesses.
Learning Objectives
- Apprehend the key characteristics and differentiation between business entity types.