Asked by Marisol Trejo on Jul 27, 2024
Verified
The most common form of business organization in the United States is the partnership.
Business Organization
An entity formed for the purpose of carrying out commercial enterprise, including options such as sole proprietorships, partnerships, and corporations.
Partnership
A legal form of business operation where two or more individuals share ownership, as well as the responsibility for managing the business and the sharing of its profits and losses.
- Outline the various types of business entities and their attributes.
Verified Answer
AZ
Aleah ZainulJul 29, 2024
Final Answer :
False
Explanation :
The most common form of business organization in the United States is actually the sole proprietorship, not the partnership.
Learning Objectives
- Outline the various types of business entities and their attributes.
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