Asked by Mariana Huerta on Apr 23, 2024
Verified
There are more than_____ sole proprietorships in the United States.
A) twenty million
B) fifty million
C) sixty million
D) sixty-five million
Sole Proprietorships
A business owned and operated by one individual, where there is no legal distinction between the owner and the business entity.
United States
A federal republic in North America comprising 50 states, known for its significant influence in global economic, political, and cultural matters.
Twenty Million
The numerical figure 20,000,000.
- Gain an understanding of the primary definitions and characteristics pertaining to diverse business structures like sole proprietorships, partnerships, and corporations.
Verified Answer
AB
Amanda Beepat5 days ago
Final Answer :
A
Explanation :
Sole proprietorships are the most common form of business structure in the United States, but their number does not exceed fifty million. The correct figure is closer to twenty million, making option A the correct choice.
Learning Objectives
- Gain an understanding of the primary definitions and characteristics pertaining to diverse business structures like sole proprietorships, partnerships, and corporations.