Which Form of Business Organization Is the Least Common in the United

question 166

Multiple Choice

Which form of business organization is the least common in the United States?

• A)sole proprietorship
• B)partnership
• C)corporation
• D)nonprofit organization
• E)conglomerate

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Definitions:

Fraudulent Activity

Deliberate deception to secure unfair or unlawful gain, often involving financial transactions.

Incompatible Duties

Tasks within an organization that are separated to prevent fraud or error, ensuring no individual has control over all aspects of a transaction.

Financial Pressure

The stress or strain on a company's cash flow and finances, potentially affecting its operational capability.

Custodian

An entity or individual responsible for safeguarding or managing someone else's property or financial assets.